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Richard C. Carlson


Richard Carlson specializes in litigation support for and analysis of the technology sector, real estate, medical care, regional economics (particularly in the Western United States), and energy. He led the economic team for the plaintiffs in the multi-billion dollar WPPSS litigation that resulted in a settlement in excess of $700 million. His research includes regional economic forecasting, industrial forecasting, technology forecasting, energy demand, real estate analysis, strategic planning and economic development.


Mr. Carlson's consulting career has covered a broad range of issues concerning structural change in the economy and the interaction among the environment, new technologies and regional patterns of economic growth. Mr. Carlson is now Chairman of Spectrum and was President of Spectrum Economics from its founding in 1988 through 1992. Prior to helping found Spectrum, he was Vice President and Director of QED Research. Prior to coming to QED he was Senior Regional Economist for SRI International (Stanford Research Institute). He became a nationally and internationally recognized expert on local economic growth patterns, new technologies and the energy sector. Before that, he worked in the Executive Office of the President in Washington, D.C., and in the Office of the Governor of Illinois.

Major Litigation and Regulatory Proceedings:
  • Lead economic witness for California Department of Insurance on Proposition 103 rollback issues in nine separate lawsuits (1995-96).
  • Lead economic analysis for the Washington Public Power Supply System securities case, one of the largest ($3 billion) litigation support efforts in history, including analysis of local and regional economics, the forest products industry, agriculture, demand forecasting, and financial modeling of 88 utilities in the Pacific Northwest (1984-88).
  • Testified on damage analysis for "Meris vs. MHT," contracts dispute concerning a start-up medical laboratory and stock valuation (1990). The testimony contributed to a jury award of $61 million to his client.
  • Lead economic witness for Southern Nevada Homebuilders Association in regulatory hearings before the Nevada Public Service Commission concerning telephone and electric rates (1995-96).
  • Testified on software firm damages in Medi-Soft vs. Spectra Medical (1995).
  • Reviewed real estate damages in JDM vs. Woodside Partners, et al, Centex vs. Stanford Ranch and Brehm Communities vs. Dallas Ranch Partners, et al.
  • Testified on tax losses in Golden State Linen vs. Hirose (1994). Testimony for defendant contributed to a favorable judgement.
  • Testified on environmental damages in Mountain View Golf vs. City of Mountain View (1994). Testimony contributed to a $4.1 million award to his client.
  • Testified on stock option valuation in SaveMart vs. Sprinkle (1993). Testimony contributed to a favorable award for his client.
  • Testified on electronic company profits and managerial compensation in Palin vs. Dolby (1993).
  • Reviewed toxic contamination damages (including asbestos) in F&P Properties vs. Smith (1993).
  • Testified on toxic contamination damages in Boyd vs. Vandenberg (1993). Testimony contributed to a $3 million award to his client.
  • Testified on toxic contamination damages in Volpi vs. Gaither (1993). Testimony contributed to a favorable settlement for his client.
  • Analyzed patent damage issues in Leviton vs. Intelectron (1992).
  • Analyzed software profitability in Beyond Software vs. Cinemaware (1991).
  • Testified on business damage issues in Jennaro vs. J & R Distribution et al., (1991-1993). Testimony contributed to a favorable settlement for his client.
  • Analyzed damage issues in Lick Mill Creek Apartments vs. IMC et al., a large and complex toxic contamination suit. Work contributed to a favorable settlement for his client (1991).
  • Testified on lost profits in Holley vs. Fleming, a fraud claim. Testimony contributed to a jury award of $3.88 million to his client (1991).
  • Testified on inverse condemnation in Hazel vs. Santa Clara County (1991). Testimony contributed to a jury award to his client.
  • Testified on mobile home park issues in Abell vs. Rooke and Reveira vs. Evans (1990).
  • Testified on developer fee issues in Westbrook vs. Hayward (1989) and Gregory vs. Fremont Unified School District (1989).
  • Testified on the damage analysis for the Siller Brothers property dispute, an $88 million case involving complex issues of appraisal reliability, valuation of closely held firms, economic impacts of plant closings, and economic risks in agricultural and forest products industries (1988).
  • Testified on "Economic Impacts of a Solid Waste Disposal Site in Rivergate Industrial Park" for the Port of Portland, Oregon, before the Department of Environmental Quality, concerning real estate and economic development impacts (1987).
  • Led economic analysis for "Carson et. al. vs. Atari," concerning wrongful termination of 2,000 employees (1985).
  • Testified on "Economic Impact of Industrial Rezoning" for Kaiser Development, before the Oregon Department of Environmental Quality (1985).
Environmental Studies
Technology Studies
Medical Studies
Energy Studies
Regional and Real Estate Studies

Work History:
1992 to Present
Chairman of Spectrum Economics, Inc.
November 1988 to 1992
President of Spectrum Economics, Inc.
December 1984 to November 1988
Vice President and Principal, QED Research Responsible for regional economic forecasting, rate impact analysis, technology forecasting and strategic planning
1976 to 1984
Senior Regional Economist, SRI International Responsible for long range economic forecasting, technology forecasting, regional forecasting and energy forecasting
1973 to 1975
Assistant Director, Bureau of the Budget, State of Illinois, Office of the Governor
1971 to 1973
Director of Planning, Office for Renewal, US Office of Education
1965 to 1969
Budget Analyst, Office of Management and Budget, Executive Office of the President of the United States
Management Analyst, Public Health Service

B.A. Economics, Harvard College, 1964
M.A. Economics, University of Maryland, 1969
Ph.D. candidate in economics, Stanford University, 1971

Web Articles:

Minneapolis/St.Paul Star Tribune
On the Edge of the Digital Age Interview

National Association for Business Economics,
1998 Washington Policy Seminar,
Corporate Planning Roundtable

ZD Network News
How long can Silicon Valley's economic miracle last?

Professional Societies:

National Association of Business Economist
National Economists Club
International Association of Energy Economists

Spectrum Economics, Inc.
Palo Alto, Ca - Tucson, AZ - Kirkland, WA
rccarl@pacbell.net | http://www.spececon.com/

Copyright © 2004 by Spectrum Economics, Inc.