David A. Wells Professor of Political Economy
Department of Economics, Harvard University, Cambridge, USA
His broad research interests are in international trade and investment. More specifically, he studies producer-level responses to globalization and their implications for aggregate trade and investment patterns. His research has been funded by the Sloan Foundation and by the NSF.
His research is considered very influential and not for less, he was quoted in 2016 among the top 10 ten economists deserving the Nobel Price in Economics.
Marc Melitz is an American economist . He is currently a professor of economics at Harvard University . Prior to this the was Professor of Economics and International Affairs, at the Princeton University.
He is a fellow of the Econometric Society and is affiliated with the National Bureau of Economic Research (NBER),the Centre for Economic Policy Research (CEPR), CESifo, and the Kiel Institute for the World Economy.
The Economist highlights him as a “new star” of economics, a pioneer of the “new, new trade theory”, which succeeds the “new” trade theory propounded by Mr Krugman almost 30 years ago.
The source of its novelty is its recognition that firms differ, and only the best firms export.
Indeed, The Economist notes, “Just as Prof. Krugman found a clean way to account for economies of scale, Prof. Melitz handles the heterogeneity of firms without spoiling the lines of his model. It now serves as a pliant workhorse for lots of “granular” thinking in the field.