Dr. Jeffrey Armstrong is an industrial organization economist who has over 15 years of experience supporting testifying experts and conducting economic analysis of markets, vertical restraints, horizontal collusion, patent infringement claims, and the impact of advertising and marketing programs.

He has worked on many high-profile antitrust engagements, including US Smokeless Tobacco, AMD v. Intel, and alleged price-fixing matters.

Dr. Armstrong has conducted econometric and statistical analysis in advertising disputes brought under the Lanham Act, securities class action litigation, and breach of commercial contract cases. He has taught economics in the United States and internationally, and has testified in court as an expert in economics and statistics. He earned a PhD in economics from the University of California at Los Angeles with specializations in industrial organization and econometrics.

Employment History

Finance Scholars Group
2011 – 2014

CapAnalysis LLC
Vice president
2006 – 2011
Senior economist
2003 – 2006

Analysis Group
Senior associate
2001 – 2003

University of California, Los Angeles
Center for International Science, Technology and Policy
Research fellow
1994 – 2003

PricewaterhouseCoopers LLP
2000 – 2001

Economic Analysis LLC
1998 – 2000

Quantum Consulting, Inc.
Energy demand consultant
1989 -1991

Pacific Telesis
New product forecast manager
1986 – 1989

Areas of Expertise


University of California, Los Angeles
PhD, Economics, 1996

University of North Carolina
MA, Economics, 1986
BA, Psychology and Political Science, 1985