How do Multiproduct Exporters React to a Change in Trade Costs?*
利用法国出口商数据，研究欧元引入后贸易成本变化如何影响企业的出口决策、产品种类和平均销售额，发现企业扩大了出口产品范围和集约边际，但一般均衡竞争效应削弱了初始正面影响。
Abstract We use data on individual French exporters to document how a change in trade costs, following the introduction of the euro, affected the export margins of firms in relation to export decisions, the number of products exported, and the average sales per product. Our results confirm two effects predicted by the theory: firms increase the range of products they export as well as their intensive margin. This effect is most evident in markets with moderate monetary policy coordination before 1999. General equilibrium competition effects reduce the initial positive impact on each of these margins. We find no evidence that firms increase their participation in the export market.