Peter K. Schott

TL;DR: The authors make use of transaction-level U.S. trade data to introduce a number of new stylized facts about firms and trade, such as the extensive margins of trade, that is, the number of products firms trade and the countries with which they trade, to understand the role of distance in dampening aggregate trade flows.

TL;DR: This paper found that exporters are larger, more productive, more skill-and capital-intensive, and to pay higher wages than non-exporting firms, and that the top 10 percent of exporters accounted for 96 percent of total U.S. exports.

TL;DR: In this paper, the authors exploit product-level U.S. import data to test trade theory and find that unit values within products vary systematically with exporter relative factor endowments and exporter production techniques.

TL;DR: This article examined the frequency, pervasiveness, and determinants of product switching by US manufacturing firms and found that one-half of firms alter their mix of five-digit SIC products every five years, and that product switching is correlated with both firm-and firm-product attributes.

TL;DR: This paper developed a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization, finding that higher firm-level ability raises a firm's productivity across all products, which induces a positive correlation between a firms' intensive (output per product) and extensive (number of products) margins.