	(1)	(2)	(3)	(4)	(5)	(6)	(7)
VARIABLES	D_PROD	D_PROD	D_PROD	D_PROD	D_PROD	D_PROD	D_PROD
							
TradedXPlaceboJoinEU5	0.051	0.050	0.053	0.049	0.022	0.046	0.021
	[0.155]	[0.155]	[0.155]	[0.156]	[0.175]	[0.156]	[0.175]
TradedDummy	0.227***	0.228***		0.229***			
	[0.034]	[0.034]		[0.035]			
PlaceboJoinEU5	0.284	0.009	0.284	0.352*	0.094		
	[0.242]	[0.252]	[0.242]	[0.191]	[0.182]		
o.TradedDummy			-		-	-	-
							
o.PlaceboJoinEU5						-	-
							
Constant	0.694***	0.726***	0.762***	0.686***	0.785***	0.795***	0.796***
	[0.082]	[0.031]	[0.079]	[0.078]	[0.019]	[0.005]	[0.006]
							
Observations	25,006	25,006	25,006	25,006	25,006	25,006	25,006
R-squared	0.001	0.010	0.004	0.044	0.060	0.238	0.242
Robust standard errors in brackets							
*** p<0.01, ** p<0.05, * p<0.1							
