Download This PaperThe Opportunity Costs of Entrepreneurs in International Trade
10 Pages Posted: 22 Aug 2016 Last revised: 6 Jan 2025
Date Written: August 2016
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.
Suggested Citation: Suggested Citation
Kehoe, Timothy J. and Pujolas, Pau and Ruhl, Kim, The Opportunity Costs of Entrepreneurs in International Trade (August 2016). NBER Working Paper No. w22514, Available at SSRN: https://ssrn.com/abstract=2827432
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN