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Expert Report- George Priest

Expert Report- George Priest

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Published by TexacoEcuador

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Published by: TexacoEcuador on Oct 07, 2011
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06/11/2014

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UNITED STATES DISTRICT COURTSOUTHERN DISTRICT OF NEW YORKCHEVRON CORPORATION,Plaintiff,-against- Case No. 11-CV-3718 (LAK)STEVEN DONZIGER, et al.,Defendants.________________________________
EXPERT REPORT OF PROFESSOR GEORGE L. PRIEST
I. Initial Statement of Qualifications1. I am the Edward J. Phelps Professor of Law and Economics at Yale LawSchool, teaching courses in torts, insurance, insurance regulation, antitrust, regulatedindustries, civil procedure, contracts, and commercial law, among other subjects. I haveserved as a professor at Yale Law School since 1980. I served as the John M. OlinProfessor of Law and Economics at Yale Law School from 1986 through 2008.2. I received a Bachelor of Arts degree from Yale in 1969 and a law degreefrom the University of Chicago in 1973.3. Throughout my career, my research has been in the field of law andeconomics. I have published numerous articles in the areas of law and economics.4. My background includes both the study and knowledge of remedies,including both compensatory and punitive damages remedies. I have taught andpublished about compensatory and punitive damages for many years. I have conductedextensive empirical research projects regarding damages remedies, again of both
 
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compensatory and punitive damages. Since 1980, I have served as a consultant to theRand Corporation's Institute for Civil Justice in Santa Monica, California. With thesupport of the Rand Corporation, I organized and directed empirical studies of civil juryverdicts in the Chicago and San Francisco courts, the first major trial court studies of their kind. See Peterson & Priest, The Civil Jury, Trends in Trials and Verdicts, Cook County, Illinois, 1960-1979, Rand Corp., R-2881-ICJ (1982). The many important andinfluential studies of civil jury verdicts by Rand Corporation scholars over the pastdecade and a half all derive from this data source. I have also published several articlesdiscussing punitive damages with respect to the economic theory of punitive damages,the economic effects of punitive damages verdicts, and articles presenting empiricalstudies of punitive damages verdicts. I published an empirical study of punitive damagesverdicts using the trial court data described above in 1982, perhaps the first publishedempirical study of punitive damages. Priest, Punitive Damages and Enterprise Liability,56 So. Cal. L. Rev. 123 (1982).5. Over the course of my career, I have published articles in the followingpeer-reviewed economics journals: Journal of Law & Economics, Journal of LegalStudies, Research in Law and Economics, Journal of Law, Economics & Organization,Journal of Economic Perspectives, Journal of Risk & Uncertainty, Geneva Papers on Risk and Insurance, the Italian journal Mercado, concorrenza, regale (Market, competition,regulation), Journal of Reprints for Antitrust Law and Economics and, most recently,Journal of Labor Economics and Supreme Court Economic Review.6. I have served as a peer-review referee for the following economics journals: American Economic Review, Economic Inquiry, Journal of Political Economy,Review of Economics and Statistics, Rand Journal of Economics, Journal of Law &
 
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Economics, Journal of Legal Studies, and Journal of Law, Economics & Organization. Ihave also served as a peer-review referee for the National Science Foundation, Law andSocial Science, Economics Division, for Law & Society Review, and for the journalScience.7. I have held appointments as a Visiting Professor in the Department of Economics, University of Miami and the Department of Economics, University of Toronto.8. In 1991, I was elected the first President of the American Law andEconomics Association by the Association's members.9. I have testified many times before Congress, before many statelegislatures, and before state and national regulatory commissions on civil judgmentdamages issues, among other issues.10. I have been invited numerous times to present lectures on economics-related issues to state legislators, regulators, and state and federal appellate judges. Formany years, I have conducted a regular course on economics subjects, includingdamages, for federal appellate judges and federal bankruptcy judges in a federal judicialinstruction program managed by George Mason University. I have also conductedcourses on economic subjects in an instructional program for state court judges managedby the University of Kansas School of Law. I have lectured abroad on civil justice issues,including damages, on many occasions. For the past 18 years, I have attended an annualseminar on legal issues conducted by Yale Law School, chiefly addressing LatinAmerican legal issues, attended by law professors from most Latin American countries.

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