Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Thomas N. Hubbard, Senior Associate Dean: Strategic Initiatives and the Elinor and H. Wendell Hobbs Professor of Management in the Kellogg School of Management at Northwestern University, has entered into an agreement to become a Senior Consultant to CRA’s Antitrust & Competition Economics Practice. “Tom Hubbard’s academic contributions, particularly in the areas of industry structure and vertical integration, are widely respected and it is a pleasure to welcome him to CRA,” said CRA's President and Chief Executive Officer Paul Maleh. “He is well known for his work on the relationships between technological and organizational change in both manufacturing and non-manufacturing industries, including the transportation and services sectors, and is highly sought after for his views as a speaker at economic conferences and seminars. We are pleased to work with him as a Senior Consultant and to broaden our reach in the Chicago market, where he is located.” Professor Hubbard’s research and teaching interests focus on industrial organization, the economics of strategy, and the economics of technology. His research has a particular emphasis on identifying and assessing efficiencies in vertical relationships. He is the recipient of numerous appointments and distinctions. In addition to his academic appointments at the Kellogg School of Management, he is a Research Associate with the National Bureau of Economic Research and a former junior staff economist on the President’s Council of Economic Advisers. Professor Hubbard has published extensively. His work has appeared in top-ranked journals, such as the American Economic Review, the Quarterly Journal of Economics, and the Rand Journal of Economics. He is an associate editor of B.E. Journals of Economic Analysis and Policy and served as a co-editor of the Journal of Industrial Economics. Professor Hubbard consults and serves as a testifying expert in the areas of antitrust, regulation, pricing, intellectual property, and strategy issues. He earned his PhD degree in Economics from Stanford University, and his BA degree in Economics (with High Honors) from Princeton University.
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.