Mr. Shefftz is an independent consultant who specializes in the application of financial economics to litigation disputes, regulatory enforcement, and public policy decisions. Previously he was a consultant with Industrial Economics, Incorporated ("IEc") from 1992 until April 2006 when he moved to western Massachusetts. Mr. Shefftz has extensive experience in settlement and litigation support, and has been qualified as an expert witness in U.S. District Court, a federal agency's Administrative Court, and state courts.
Mr. Shefftz’s recent experience includes work in the following areas.
• Calculating the economic damages suffered by companies and individuals from alleged wrongful actions.
• Applying financial economics to civil penalty factors in regulatory enforcement actions.
• Analyzing economic issues related to public policy decisions.
Mr. Shefftz has performed this work in a variety of contexts, including expert witness testimony, computer model development, training course delivery, and regulatory review, as well as reports and memoranda. He has supervised project teams comprising economists, accountants, paralegals, and software developers, as well as worked in parallel with engineers, scientists, lawyers, and lobbyists. His clients have included federal and state governmental agencies, private litigators, and other private-sector entities.
Mr. Shefftz holds a B.A. magna cum laude and Phi Beta Kappa in Economics and Political Economy from Amherst College, and an M.P.P. degree, with concentrations in Government & Business and Energy & Environmental Policy, from the John F. Kennedy School of Government at Harvard University.
Mr. Shefftz’s positions have included Eastern Vice President for the National Association of Forensic Economics, Chair for the Town of Amherst Planning Board, referee for the Journal of Forensic Economics, Course Liaison for the “Engineering Economic Decision Making” course at the University of Massachusetts Amherst, and Treasurer as well as Finance Committee member for the Jewish Community of Amherst. He is also a member of the Government Finance Officers Association, Eastern Economic Association, Western Economic Association International, and Amherst Area Chamber of Commerce.