Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Robert H. Topel, the Isidore Brown and Gladys J. Brown Distinguished Service Professor of Economics in the Booth School of Business of the University of Chicago, has entered into an agreement to become a senior consultant to CRA’s Antitrust & Competition Economics Practice. Professor Topel is expected to begin working with CRA in May 2013. “Robert Topel’s contributions to the field of economics are far-reaching,” said CRA's President and Chief Executive Officer Paul Maleh. “He is a leader in the field of microeconomics—with particular emphasis on industrial organization and antitrust, labor markets, business strategy, health economics, energy economics, national security economics, economic growth, and public policy—and in the application of statistics to economic data. In his academic research and expert testimony, Professor Topel is known for breaking new ground in economic theory. We are honored about Professor Topel’s decision to become a senior consultant to CRA and look forward to working with him and offering his expertise to our clients.” Professor Topel is the recipient of numerous appointments and distinctions. At the University of Chicago, he is the Isidore Brown and Gladys J. Brown Distinguished Service Professor of Economics and the Director of the George J. Stigler Center for the Study of the Economy and the State, both at the Booth School of Business, as well as the Director of the Energy Policy Institute at Chicago (EPIC). Among various other positions, he is also a Research Associate of the National Bureau of Economic Research, a Fellow of the Society of Labor Economists, a Senior Fellow of the Milken Institute, an elected member of the Conference for Research on Income and Wealth, and an elected founding member of the National Academy of Social Insurance. He has held visiting and research positions at a number of institutions, including the Board of Governors of the Federal Reserve and the World Bank.
Shares of CRA International (Nasdaq:CRAI) have taken a tremendous swing upward. The stock is trading at $24.92 as of 11:21 a.m. ET, 23.4% above Wednesday's closing price of $20.19. Volume is at 20,984, 0.5 times the daily average of 40,100.