Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Kai-Uwe Kühn, an associate professor of economics at the University of Michigan and visiting professor at the Düsseldorf Institute for Competition Economics (DICE), Heinrich-Heine University Düsseldorf, has reaffliated with CRA as a Senior Consultant to the Antitrust & Competition Economics Practice. From May 2011 to August 2013, Dr. Kühn was Chief Economist at Directorate General for Competition of the European Commission (the European antitrust authority), where he led a team of 25 economists involved in merger, antitrust, litigation, state aid, and policy work. Prior to his appointment at DG Competition, Dr. Kühn was an academic affiliate to CRA, advising private companies and competition authorities on competition matters. “We are excited to once again work with Kai-Uwe Kühn as a Senior Consultant to Charles River Associates,” said CRA's President and Chief Executive Officer Paul Maleh. “His first-hand and pragmatic understanding of mergers and antitrust issues, combined with his research in such areas as collusion, vertical integration, and financial constraints, provide a comprehensive understanding of the requirements for successful evidence in front of the regulatory authorities. We look forward to offering his valuable expertise to our clients.” As Chief Economist at DG Competition, Dr. Kühn led economic analyses in several high-profile mergers (from WesternDigital/Hitachi to Deutsche Börse/NYSE, Universal/EMI, H3G/Orange Austria,Outokumpu/Inoxum and UPS/TNT), including promoting a thorough evaluation of efficiency defenses. He worked extensively on financial markets, both in the context of mergers ( Deutsche Börse/NYSE) and antitrust (CDS case on foreclosure of exchange trading), as well as antitrust issues in the internet economy (Google and e-books). He was also instrumental in developing DG Competition’s antitrust analysis of standard essential patents, and helped further a more economically meaningful approach to state aid policy (including an obligation for rigorous policy evaluation) in the Commission state aid modernization initiative. Dr. Kühn is a Research Fellow of the Center for Economic Policy Research (CEPR) in London and has been the Co-editor of the Journal of Industrial Economics. He has published in leading journals such as the Journal of Political Economy, the RAND Journal of Economics, the American Economic Journal: Microeconomics and the Journal of the European Economic Association. His research interests are in theoretical, experimental, and empirical industrial organization and cover a range of topics including competition in durable goods, vertical integration and vertical restraints, collusion, coordinated effects of mergers, market foreclosure, and the impact of credit constraints on market behavior. Before joining the faculty at the University of Michigan, Dr. Kühn taught at the Instituto de Analisis Economico (CSIC) in Barcelona and the Centro de Estudios Monetarios y Financieros (CEMFI) in Madrid. He holds a PhD degree in Economics from the University of Oxford, and an MSc degree in Economics from the London School of Economics.
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.