expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of … exporting firms. We posit that individual export profitability, while initially uncertain, is positively correlated over time …

expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of … exporting firms. We posit that individual export profitability, while initially uncertain, is positively correlated over time …

. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …

. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …

We develop a theory of multiproduct firms to analyze the effects of globalization on the distributions of firm size …, scope, and productivity. Our model explains two puzzles. First, it explains the well-known size-discount puzzle: large firms … our model, globalization not only affects the distribution of observed productivities but also productivity at the firm …

between firm size, scope and productivity. More efficient firms become exporters, but not all exporters are large and not all … large firms export. Following a trade liberalization, non-exporters experience a fall in their market-to-book ratio and …

We develop a theory of multiproduct firms to analyze the effects of globalization on the distributions of firm size …, scope, and productivity. In the model, firms are heterogeneous in how well they cope with expanding their product range. The …-discount puzzle" found in the data. Globalization induces a merger wave that leads to an improvement in average productivity. This …