The Opportunity Costs of Entrepreneurs in International Trade

Timothy J. Kehoe, Pau S. Pujolas, Kim J. Ruhl

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

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Year of publication:	August 2016
Authors:	Kehoe, Timothy J.
Other Persons:	Ruhl, Kim J. (contributor) ; Pujolas, Pau S. (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Außenwirtschaftstheorie \| International economics \| Opportunitätskosten \| Opportunity cost \| Unternehmer \| Entrepreneurs \| Fixkosten \| Fixed costs \| Führungsorganisation \| Governance structure \| Internationaler Markteintritt \| International market entry

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w22514
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w22514 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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