David Rosenbaum, PhD, is a sought after forensic economist. He has over two decades of experience working with attorneys throughout the Midwest. His complete CV is listed below:
Education:
Ph.D. in Economics, University of Wisconsin-Madison, 1985.
B.A., University of Maryland, 1978.
Employment:
September, 1985 -- Present: Assistant, Associate, Full Professor of Economics, University of Nebraska-Lincoln.
September, 1998 -- Present: Special Economic Consultant to the Nebraska Public Service Commission.
Offices in Professional Organizations:
Education:
Ph.D. in Economics, University of Wisconsin-Madison, 1985.
B.A., University of Maryland, 1978.
Employment:
September, 1985 -- Present: Assistant, Associate, Full Professor of Economics, University of Nebraska-Lincoln.
September, 1998 -- Present: Special Economic Consultant to the Nebraska Public Service Commission.
Offices in Professional Organizations:
- April, 2010 – April, 2014: Secretary/Treasurer, American Academy of Economic and Financial Experts.
- April, 2014 – Present: President Elect, American Academy of Economic and Financial Experts.
- January, 2015 - Present: Midwest Vice President, National Association of Forensic Economics
Wrongful Death / Personal Injury Experience
I have consulted for more than two decades in multiple states, with cases involving personal injuries or wrongful deaths, in both state and federal court. My case load has been approximately 60 percent plaintiff and 40 percent defense, and I have worked with more than 65 attorneys. Most of my plaintiff cases require researching and writing an economic loss report. Some cases progress to deposition and/or testimony. My defense work typically consists of critiquing the plaintiff expert's economic loss report, and preparing questions for deposition or cross examination. None of these cases have called for deposition or testimony.
I have consulted for more than two decades in multiple states, with cases involving personal injuries or wrongful deaths, in both state and federal court. My case load has been approximately 60 percent plaintiff and 40 percent defense, and I have worked with more than 65 attorneys. Most of my plaintiff cases require researching and writing an economic loss report. Some cases progress to deposition and/or testimony. My defense work typically consists of critiquing the plaintiff expert's economic loss report, and preparing questions for deposition or cross examination. None of these cases have called for deposition or testimony.
Selected Antitrust Experience
For Defense
A Nebraska company was charged with monopolization and tying sales in a particular market. I was able to show that the defendant’s prices were always above marginal cost, that there was no market power, and that there was no tying between products. I also reasonably questioned the extent of damages claimed by the plaintiff. A local company was accused of price fixing in the sale of a particular product throughout the Midwest. Defense counsel wanted to know if certain statistical techniques could be used to indicate whether bid rigging was present. After a review of techniques, I determined that those statistical techniques were not applicable in this type of case. A group of businesses that collectively provided 100 percent of a service in the Lincoln area was contemplating signing an exclusive contract with a supplier. This contract would effectively exclude any other suppliers from the Lincoln area. The businesses wanted to know if this exclusive contract would constitute monopolization. After significant research I advised that the contract probably would not constitute monopolization based on two points. First, Lincoln was probably not a relevant geographic market. Second, special economic conditions in that particular industry made an exclusive contract the only economically reasonable way to acquire the supplies.
For Plaintiff
One set of cases involved two separate attorneys with almost identical cases. In each, the plaintiff argued that a larger competitor was engaging in certain practices that effectively constituted monopolization. Plaintiff counsel wanted to know if this position was economically supportable. I advised that it probably was not in that the product market reasonably could be portrayed as significantly larger than just the product provided by the plaintiff. Both cases were dropped.Plaintiff argued that a larger competitor was engaging in predatory pricing. Both firms acted as data clearinghouses. They took claim information submitted by physicians, reformatted it and sent it to a large health insurer. The alleged predator was the only clearinghouse to receive payments from the insurer. It used those payments to support a predatory pricing scheme. The scheme included charging physicians a price equal to zero for clearinghouse services. I wrote a fairly extensive economic analysis detailing why this behavior could be construed as predation. The analysis included an appraisal of the relevant antitrust market, a justification of predatory conduct and intent and economic support for recoupment.
For Defense
A Nebraska company was charged with monopolization and tying sales in a particular market. I was able to show that the defendant’s prices were always above marginal cost, that there was no market power, and that there was no tying between products. I also reasonably questioned the extent of damages claimed by the plaintiff. A local company was accused of price fixing in the sale of a particular product throughout the Midwest. Defense counsel wanted to know if certain statistical techniques could be used to indicate whether bid rigging was present. After a review of techniques, I determined that those statistical techniques were not applicable in this type of case. A group of businesses that collectively provided 100 percent of a service in the Lincoln area was contemplating signing an exclusive contract with a supplier. This contract would effectively exclude any other suppliers from the Lincoln area. The businesses wanted to know if this exclusive contract would constitute monopolization. After significant research I advised that the contract probably would not constitute monopolization based on two points. First, Lincoln was probably not a relevant geographic market. Second, special economic conditions in that particular industry made an exclusive contract the only economically reasonable way to acquire the supplies.
For Plaintiff
One set of cases involved two separate attorneys with almost identical cases. In each, the plaintiff argued that a larger competitor was engaging in certain practices that effectively constituted monopolization. Plaintiff counsel wanted to know if this position was economically supportable. I advised that it probably was not in that the product market reasonably could be portrayed as significantly larger than just the product provided by the plaintiff. Both cases were dropped.Plaintiff argued that a larger competitor was engaging in predatory pricing. Both firms acted as data clearinghouses. They took claim information submitted by physicians, reformatted it and sent it to a large health insurer. The alleged predator was the only clearinghouse to receive payments from the insurer. It used those payments to support a predatory pricing scheme. The scheme included charging physicians a price equal to zero for clearinghouse services. I wrote a fairly extensive economic analysis detailing why this behavior could be construed as predation. The analysis included an appraisal of the relevant antitrust market, a justification of predatory conduct and intent and economic support for recoupment.
Selected Regulatory Experience
For a number of years I have been a special economic consultant to the Nebraska Public Service Commission. In this role I have participated in a variety of telecommunications issues. They include evaluation of forward-looking cost models, development of rates for UNE loops, and design of allocation rules for Nebraska universal service fund distributions. I have prepared briefing papers for the Commissioners, written orders, and testified a number of times on a variety of topics.
The Clean Air Act requires states to regulate manufacturing plant expansions that lead to significant deteriorations of air quality. Determining whether a significant deterioration will occur as a result of a plant expansion depends, in part, on estimating the increase in emissions that would occur as a result of the plant modification. Title 40 of the Act excludes emissions due to expected normal demand growth from the measurement of projected emission increases. I developed a methodology for the Department of Environmental Quality to estimate emissions increases related to normal demand growth.
In the 1980s, Nebraska was designated the host state for a low-level radioactive waste disposal site serving a five-state compact. A contract was written between the five-state compact and the waste site developer. I was asked by a state senator to review the rate setting provisions of that contract. I presented my findings in report form and before the Natural Resources Committee of the State Legislature.
In 2002, Nebraska created a new system for adjudicating natural gas rate increases. The Public Service Commission was empowered to hire a consulting team to represent affected communities in rate hearings and another team to advise the Commission’s staff. I have participated on the team advising the Commission staff in a number of rate applications.
A town in rural New York was evaluating its property tax rolls. There has been a cement plant located in that town. The plant was closed at the time of the evaluation. The community contended that the plant was closed due to a temporary downturn in the market and hired me to determine whether the plant had an economic value. I wrote a report discussing economic value.
In late 1995 the Nebraska legislature created a temporary opportunity for banks to acquire “phantom” savings and loans and turn them into branch banks. Part of the acquisition process required application before the Nebraska Banking Commission and proof of need. I was hired in several of these cases to demonstrate need. I prepared reports and testified before the Commission in each case. All of the applications for which I testified were granted.Nebraska requires all applicants for new horse racing and simulcasting facilities to prepare analyses of the financial viability of a new facility, its impact on existing facilities and on the industry as a whole. I prepared such a report and testified on the findings before the Nebraska Racing Commission.
For a number of years I have been a special economic consultant to the Nebraska Public Service Commission. In this role I have participated in a variety of telecommunications issues. They include evaluation of forward-looking cost models, development of rates for UNE loops, and design of allocation rules for Nebraska universal service fund distributions. I have prepared briefing papers for the Commissioners, written orders, and testified a number of times on a variety of topics.
The Clean Air Act requires states to regulate manufacturing plant expansions that lead to significant deteriorations of air quality. Determining whether a significant deterioration will occur as a result of a plant expansion depends, in part, on estimating the increase in emissions that would occur as a result of the plant modification. Title 40 of the Act excludes emissions due to expected normal demand growth from the measurement of projected emission increases. I developed a methodology for the Department of Environmental Quality to estimate emissions increases related to normal demand growth.
In the 1980s, Nebraska was designated the host state for a low-level radioactive waste disposal site serving a five-state compact. A contract was written between the five-state compact and the waste site developer. I was asked by a state senator to review the rate setting provisions of that contract. I presented my findings in report form and before the Natural Resources Committee of the State Legislature.
In 2002, Nebraska created a new system for adjudicating natural gas rate increases. The Public Service Commission was empowered to hire a consulting team to represent affected communities in rate hearings and another team to advise the Commission’s staff. I have participated on the team advising the Commission staff in a number of rate applications.
A town in rural New York was evaluating its property tax rolls. There has been a cement plant located in that town. The plant was closed at the time of the evaluation. The community contended that the plant was closed due to a temporary downturn in the market and hired me to determine whether the plant had an economic value. I wrote a report discussing economic value.
In late 1995 the Nebraska legislature created a temporary opportunity for banks to acquire “phantom” savings and loans and turn them into branch banks. Part of the acquisition process required application before the Nebraska Banking Commission and proof of need. I was hired in several of these cases to demonstrate need. I prepared reports and testified before the Commission in each case. All of the applications for which I testified were granted.Nebraska requires all applicants for new horse racing and simulcasting facilities to prepare analyses of the financial viability of a new facility, its impact on existing facilities and on the industry as a whole. I prepared such a report and testified on the findings before the Nebraska Racing Commission.
Selected General Damage Experience
For Defense
A government employee was accused of sexually harassing a member of his support staff. As a result of the alleged harassment, the support staff person quit and after a period of unemployment found a lesser-paying job. Plaintiff was suing for economic damages. Defense counsel asked for my review of the damage calculation provided by plaintiff counsel.
For Plaintiff
Three separate cases alleging wrongful termination. In all cases, plaintiff counsel asked me to prepare an estimate of the economic damages to the employee.A corporation held a patent on a particular product. It alleged that a competitor was producing and selling an identical product, infringing on that patent. Plaintiff counsel asked me to prepare an estimate of the economic damages arising from that infringement.
A corporation purchased a certain piece of equipment from a supplier. The contract called for that piece of equipment to operate at a specified rate of production. Plaintiff alleged that the equipment never performed up to specification. Plaintiff argued that a breach of contract had occurred and asked me to calculate the economic damages related to that breach.
In a class action suit, the U.S. Equal Employment Opportunity Commission established that an employer had been discriminating against older workers. I was asked to estimate the damages to the applicants in the class. This involved significant work with data and estimation of statistical duration models.
An attorney was working for a governmental body. He alleges that he was wrongfully terminated. In addition, as a result of the process used to terminate him, his reputation was defamed. This defamation hurt his reputation in the town where he practiced and caused him to lose income. I estimated the loss.
The buyer of real estate failed to make payments as specified in the land contract for purchase. This had significant tax and borrowing impacts on the seller. I was asked to estimate the dollar value of those impacts.
For Defense
A government employee was accused of sexually harassing a member of his support staff. As a result of the alleged harassment, the support staff person quit and after a period of unemployment found a lesser-paying job. Plaintiff was suing for economic damages. Defense counsel asked for my review of the damage calculation provided by plaintiff counsel.
For Plaintiff
Three separate cases alleging wrongful termination. In all cases, plaintiff counsel asked me to prepare an estimate of the economic damages to the employee.A corporation held a patent on a particular product. It alleged that a competitor was producing and selling an identical product, infringing on that patent. Plaintiff counsel asked me to prepare an estimate of the economic damages arising from that infringement.
A corporation purchased a certain piece of equipment from a supplier. The contract called for that piece of equipment to operate at a specified rate of production. Plaintiff alleged that the equipment never performed up to specification. Plaintiff argued that a breach of contract had occurred and asked me to calculate the economic damages related to that breach.
In a class action suit, the U.S. Equal Employment Opportunity Commission established that an employer had been discriminating against older workers. I was asked to estimate the damages to the applicants in the class. This involved significant work with data and estimation of statistical duration models.
An attorney was working for a governmental body. He alleges that he was wrongfully terminated. In addition, as a result of the process used to terminate him, his reputation was defamed. This defamation hurt his reputation in the town where he practiced and caused him to lose income. I estimated the loss.
The buyer of real estate failed to make payments as specified in the land contract for purchase. This had significant tax and borrowing impacts on the seller. I was asked to estimate the dollar value of those impacts.
Selected Public Service Testimony
- Testified before the Nebraska Public Service Commission regarding the extent of competition in the Omaha telecommunications market. March 2014.
- Testified before the Nebraska Public Service Commission on aligning Nebraska Universal Service Fund payments with unbundled network element loop rates. May 2007.
- Testified before the Nebraska Public Service Commission on Nebraska Universal Service Fund. November 2006.
- Testified before the Nebraska Public Service Commission on plan for developing a Permanent Universal Service Funding Mechanism. August 2004.
- Testified before the Nebraska Public Service Commission on plan for developing Unbundled Network Element pricing zones. December 2000; January, August and September 2001.
- Testified before the Nebraska Public Service Commission on plan for developing deaveraged UNE loop prices. December 2000; January and August 2001; April 2004.
- Testified before the Nebraska Public Service Commission about conditions Commission should consider when declaring an exchange is competitive. Also testified whether US West met those conditions in Omaha. June 2000.
- Testified before the Nebraska Public Service Commission on forward looking costs models and their application to universal service and pricing unbundled network elements. January 2000.
- Testified before the Nebraska Public Service Commission on cross-subsidy-free pricing and its relationship to access pricing reform and universal service, October 1998.
- Testified before the Nebraska Public Service Commission on universal service costing models and the economic meaning of forward-looking costs, November 1997.
- Testified before Transportation Subcommittee of State Legislature on telephone rate regulation, January 1995.
- Presented educational seminar on demand estimation for the American Public Power Association at request of Lincoln Electric System Administrator, 1995.
- Extensive review of proposed and revised contracts between Low Level Radioactive Waste Compact and U.S. Ecology.
- Performed analysis of rate of return in natural gas rate setting case for smaller Nebraska communities. Prepared documentary evidence and presented testimony.
- Testimony before Natural Resources Committee of State Legislature on proposed contract between Central States Low Level Radioactive Waste Compact and U.S. Ecology, September, 1988.
