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The Opportunity Costs of Entrepreneurs in International Trade / Timothy J. Kehoe, Pau S. Pujolas, Kim J. Ruhl.
- Format:
- Book
- Author/Creator:
- Kehoe, Timothy J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w22514.
- NBER working paper series no. w22514
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- We show that a trade model with an exogenous set of heterogeneous firms with fixed operating costs has the same aggregate outcomes as a span-of-control model. Fixed costs in the heterogeneous-firm model are entrepreneurs' forgone wage in the span-of-control model.
- Notes:
- August 2016.
- Print version record
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