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David Terner is an expert specializing in antitrust economics. His research focuses primarily on applied microeconomics topics of international shipping, climate, and network economics. He has written several papers on these topics, including:  an analysis of the unintended consequences of UN carbon efficiency standards on maritime trade; an analysis of the effect of the 2016 Panama Canal’s expansion on containerized US routing choices and welfare implications; and an analysis of market structure impacts on long-run oil shock pass-through rates for US imports by different transport modes.


Prior to joining NERA, Dr. Terner served as an Associate at Marsoft, Inc., where he created forecasting models to support investment, chartering, and financing decisions for spot earnings, time charter rates, and vessel valuations. Dr. Terner was recognized by Indiana University for teaching excellence demonstrated in his principles of microeconomics and intermediate microeconomics courses. Dr. Terner was also employed by the World Bank to provide an overview of academic literature resources covering freight rate determinants. 


  • PhD in economics and informatics, Indiana University 
  • MA in economics, Indiana University 
  • BA in economics and mathematics, State University of New York Geneseo