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
- Reviewed real estate damages in JDM vs. Woodside Partners, et al,
Centex vs. Stanford Ranch and Brehm Communities vs. Dallas Ranch Partners, et
- 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
- 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
- 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
Regional and Real Estate Studies
- 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
- 1973 to 1975
- Assistant Director, Bureau of the Budget, State of Illinois, Office of the
- 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
Minneapolis/St.Paul Star Tribune
On the Edge of the Digital Age Interview
National Association for Business Economics,
1998 Washington Policy Seminar,
ZD Network News
long can Silicon Valley's economic miracle last?
National Association of Business Economist
National Economists Club
International Association of Energy Economists