Prominent Economist and Former Presidential Economic Adviser Carl Shapiro to Become Senior Consultant to the Antitrust &

  Prominent Economist and Former Presidential Economic Adviser Carl Shapiro to
  Become Senior Consultant to the Antitrust & Competition Economics Practice
  at Charles River Associates (CRA)

Business Wire

BOSTON -- November 19, 2012

Charles River Associates(NASDAQ: CRAI), a worldwide leader in
providingeconomic, financial, and management consulting services, today
announced that Carl Shapiro, the Transamerica Professor of Business Strategy
in the Haas School of Business at the University of California at Berkeley,
has entered into an agreement to become a Senior Consultant to CRA’s Antitrust
& Competition Economics Practice. From 2011-2012, Dr. Shapiro served as a
Member of the President’s Council of Economic Advisers, whose mission is to
give the President objective economic advice on the formulation of domestic
and international economic policy. For the two years prior to that, he was the
Deputy Assistant Attorney General for Economics at the Antitrust Division of
the US Department of Justice, where he was instrumental in revising the
Horizontal Merger Guidelines and supervised more than 50 PhD economists in the
Antitrust Division’s Economic Analysis Group. He had previously served in this
role from 1995-1996. From 1998 until he joined the Antitrust Division in 2009,
Professor Shapiro was a Senior Consultant to CRA.

“Carl Shapiro is an exceptional intellect, who is very highly respected in
academic, policy, and consulting circles. We are excited with his decision to
once again become a Senior Consultant to Charles River Associates,” said CRA's
President and Chief Executive OfficerPaul Maleh. “Professor Shapiro is
recognized for his outstanding knowledge of antitrust and intellectual
property matters. In his academic research, he has developed leading economic
theories—embraced by business leaders, academics, and policy makers alike—in
the areas of industrial organization, competition policy, patents, the
economics of innovation, and competitive strategy. Professor Shapiro’s
knowledge of these areas is wide-ranging and we are honored that he has chosen
to affiliate with CRA to offer his expertise to clients.”

Dr. Steven C. Salop, a Senior Consultant to CRA and Professor of Economics and
Law at Georgetown University Law Center, said, “I am thrilled that Carl
Shapiro is returning to consulting with CRA.Carl has always been a highly
creative and articulate economist.His work on mergers, IP, and network
markets has been pathbreaking.His recent service at the US Department of
Justice and the President’s Council of Economic Advisers gives him both new
insights and additional perspective that will serve him and his clients well
as he returns to antitrust consulting.”

Professor Shapiro is the recipient of numerous honors and distinctions. A
professor at the Haas School of Business since 1990, he is credited with
helping to establish the University of California at Berkeley as a leading
force in patent reform. He has held various positions at UC Berkeley,
including Director of the Institute of Business and Economic Research and
Chair of the Economic Analysis and Policy Group in the Haas School of
Business. Professor Shapiro has been a Fellow at the Center for Advanced Study
in the Behavioral Sciences, is a past Vice-Chair of the Economics Committee,
Antitrust Section, American Bar Association, and is a past President of the
Industrial Organization Society, among other honors. He also was the founding
Co-Editor and then Editor of the Journal of Economic Perspectives, a leading
journal published by the American Economic Association.

Professor Shapiro has published extensively, including more than 80 articles
in academic journals. In 1999, Professor Shapiro and Hal Varian co-authored
Information Rules: A Strategic Guide to the Network Economy, a widely
acclaimed book that applies economic principles to the information economy.
His current research interests include competition policy, the economics of
innovation, the design and use of patents, housing finance, and energy and
environmental economics. Professor Shapiro also serves as a testifying expert
and has extensive experience working with private parties and government
agencies on matters involving antitrust and intellectual property.

About Charles River Associates (CRA)

Charles River Associates® is a global consulting firm specializing in
litigation, regulatory, and financial consulting, and management consulting.
CRA advises clients on economic and financial matters pertaining to litigation
and regulatory proceedings, and guides corporations through critical business
strategy and performance-related issues. Since 1965, clients have engaged CRA
for its unique combination of functional expertise and industry knowledge, and
for its objective solutions to complex problems. Headquartered in Boston, CRA
has offices throughout the world. Detailed information about Charles River
Associates, a registered trade name of CRA International, Inc., is available


Charles River Associates
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