Photo of Randal  Heeb, PhD

Selected Expertise

  • Alternative dispute resolution
  • Business strategy
  • Bundling and tying
  • Damages estimation
  • Econometrics
  • Energy market analysis
  • Exclusionary conduct
  • Game theory
  • Horizontal and vertical restraints
  • Loyalty rebates
  • Market definition
  • Trade secrets

Randal Heeb, PhD


Randal Heeb has 30 years of experience providing economic analysis in both the private and public sectors. His expertise includes analysis of liability, damages, and other remedies in antitrust and intellectual property disputes. Dr. Heeb has written, consulted, and testified on a range of issues related to the application of economic and econometric analyses in a variety of industries, including software, computer hardware, telecommunications, commodities and financial markets, pharmaceuticals, electricity, natural gas, and gaming.

In 2013 and 2014, Dr. Heeb was recognized by The International Who’s Who of Competition Economists as one of the world’s leading competition economists. Dr. Heeb has previously held various academic posts in the United States and Europe and was most recently a Senior Faculty Fellow at the Yale School of Management. He has served private sector clients and public authorities operating in both regulated and unregulated markets, and he has taught antitrust compliance to executives in North America, Europe, and Asia.

Selected Experience

  • Served as the consulting expert in an SEC civil suit involving the mark-to-market valuation of a portfolio of credit default swaps at a large financial services firm.
  • Testified to an arbitration panel on behalf of Activist in Activist v. Phoenix, a trade secrets dispute in the residential mortgage-backed securities industry.
  • Submitted expert reports and testified before the court in United States v. Dicristina regarding econometric and game theoretical evidence on the question of whether poker is a game predominated by skill or chance. Judge Weinstein cited the testimony extensively in his decision.
  • Submitted an expert report and testified to an arbitration panel in an intellectual property and trade secrets dispute on behalf of Scentsy, Inc.
  • Submitted expert testimony regarding liability on behalf of Coral Energy Resources, an energy trading company, in the NYMEX commodity futures market manipulation case In re Natural Gas Commodity Litigation.
  • Submitted an expert report on damages in MCQ v. Idaho Pizza Company, a dispute involving intellectual property licensing in the franchise restaurant business.
  • Submitted an affidavit in Cohen v. Minister of Citizenship and Immigration regarding econometric and game theoretical evidence on the question of whether poker is predominately a game of skill or chance. Judge Harrington cited the affidavit favorably in his decision.
  • Submitted expert testimony on damages on behalf of the defendant in a dispute over alleged natural gas and financial derivatives price manipulation in E. & J. Gallo Winery v. EnCana Corporation.
  • Served as lead economics consulting expert on behalf of AMD in the landmark microprocessor antitrust case AMD v. Intel. Led the consulting teams supporting three testifying experts and supervised all economics-related contributions. Advised on overall case strategy and performed economic analysis to assess liability and damages resulting from alleged illegal conduct in the United States, Japan, Korea, and Europe.
  • Led the external economic team supporting the Competition Bureau of Canada’s evaluation of the merger of Maple Acquisition Group and the parent company of the Toronto Stock Exchange.


PhD, Economics, University of Chicago

MPA, John F. Kennedy School of Government, Harvard University

BA, Economics, University of Washington