Professor Aviv Nevo Rejoins Cornerstone Research
Professor Aviv Nevo, a highly regarded economist and expert in competition policy, has returned to Cornerstone Research after completing a pivotal two-year term as Director of the Bureau of Economics at the Federal Trade Commission (FTC). His experience and knowledge in economic analysis will significantly benefit Cornerstone's suite of consulting services.
Background and Experience of Professor Nevo
Aviv Nevo is celebrated for his extensive expertise in antitrust economics. During his tenure at the FTC, he played a crucial role in shaping modern market analysis through the development of the 2023 Merger Guidelines. These guidelines have greatly influenced merger reviews conducted by antitrust agencies, allowing for a nuanced understanding of competitive market dynamics.
Before his position at the FTC, Professor Nevo served as the Deputy Assistant Attorney General for Economic Analysis at the Antitrust Division of the Department of Justice (DOJ). His dual experience in both regulatory and academic environments equips him with a comprehensive perspective on antitrust laws and their applications.
Impact of Nevo's Return on Cornerstone Research
Rahul Guha, CEO of Cornerstone Research, expressed enthusiasm about Professor Nevo's return, stating, "Aviv's knowledge of industrial organization and econometrics provides essential insights for our clients navigating merger transactions and antitrust litigations." This sentiment is echoed by Kostis Hatzitaskos, Cohead of the antitrust and competition practice at Cornerstone Research, who points out that Professor Nevo's authoritative understanding of economic principles offers clients innovative approaches to complex challenges.
Expert Testimony and Major Cases
Professor Nevo's credentials are further highlighted by his participation as an expert in major federal cases. He was integral to the U.S. government's economic strategy in high-profile mergers, including the notable $37 billion merger between Aetna and Humana. His insights contributed to assessing the competitive implications of this substantial transaction.
In addition to Aetna and Humana, he has played a significant role in advising on the $400 million acquisition of Drew Marine Group and the $360 million acquisition of Farelogix by Sabre Corporation. His track record establishes him as a trusted authority on the economic ramifications of major business consolidations.
Leading the Conversation in Antitrust Policy
Professor Nevo's expertise extends to various notable antitrust litigations, where he has provided valuable independent analysis. His testimony in FTC v. Qualcomm involved addressing allegations concerning anti-competitive behavior and was recognized by Global Competition Review as a pivotal case in recent antitrust history.
Additionally, he has supported Qualcomm in multiple cases, including Apple v. Qualcomm and Qualcomm v. Korea Fair Trade Commission, showcasing his capability to articulate essential economic principles effectively across various jurisdictions.
Academic Roles and Achievements
Outside of his consulting work, Professor Nevo serves as a Penn Integrates Knowledge Professor at the University of Pennsylvania, where he teaches in both the economics department and the Wharton School's Business Economics and Policy and Marketing Departments. His leadership in the Wharton Competition and Policy Initiative positions him at the forefront of research in competition economics.
In recognition of his contributions to the field, he has been named to Global Competition Review's list of leading antitrust academics and received accolades from the American Antitrust Institute for his exceptional achievements in economic analysis for antitrust litigation.
About Cornerstone Research
Cornerstone Research is a prestigious consulting firm acclaimed for its expertise in economic and financial analysis. The firm collaborates with a network of eminent academics and industry experts to deliver insightful and rigorous consulting services to clients involved in complex disputes and regulatory investigations. Since its founding in 1989, Cornerstone has built a strong reputation for high-quality analysis, employing over 1,000 professionals across its nine global offices, including those in the U.S., the UK, and the EU.
Frequently Asked Questions
What role did Aviv Nevo hold at the FTC?
Aviv Nevo served as Director of the Bureau of Economics at the Federal Trade Commission.
What expertise does Professor Nevo bring to Cornerstone Research?
He brings extensive knowledge in antitrust economics, industrial organization, and econometrics.
What major cases has Professor Nevo testified in?
He has testified in several significant cases, including the merger between Aetna and Humana, and instances involving Qualcomm.
What is Cornerstone Research known for?
Cornerstone Research is known for providing economic and financial consulting and expert testimony in complex regulatory disputes and investigations.
What accolades has Aviv Nevo received for his work?
He has received recognition from Global Competition Review and the American Antitrust Institute for his contributions to economics in antitrust litigation.
