The Opportunity Costs of Entrepreneurs in International Trade

Timothy Kehoe, Pau Pujolas and Kim Ruhl

No 22514, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: D31 D43 F12 (search for similar items in EconPapers)
Date: 2016-08
New Economics Papers: this item is included in nep-bec, nep-ent and nep-int
Note: EFG ITI
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Citations: View citations in EconPapers (3)

Published as Timothy J. Kehoe & Pau S. Pujolàs & Kim J. Ruhl, 2016. "The opportunity costs of entrepreneurs in international trade," Economics Letters, vol 146, pages 1-3.

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Related works:
Journal Article: The opportunity costs of entrepreneurs in international trade (2016)
Working Paper: The Opportunity Costs of Entrepreneurs in International Trade (2016)
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