NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Opportunity Costs of Entrepreneurs in International Trade

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

NBER Working Paper No. 22514
Issued in August 2016
NBER Program(s):Economic Fluctuations and Growth, International Trade and Investment

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.

You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery.

Access to NBER Papers

You are eligible for a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S. federal government with a ".GOV" domain name, or a resident of nearly any developing country or transition economy.

If you usually get free papers at work/university but do not at home, you can either connect to your work VPN or proxy (if any) or elect to have a link to the paper emailed to your work email address below. The email address must be connected to a subscribing college, university, or other subscribing institution. Gmail and other free email addresses will not have access.

E-mail:

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w22514

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

Users who downloaded this paper also downloaded* these:
Keller and Utar w22315 International Trade and Job Polarization: Evidence at the Worker-Level
Jensen, Quinn, and Weymouth w21899 Winners and Losers in International Trade: The Effects on U.S. Presidential Voting
Do, Levchenko, and Raddatz w21677 Comparative Advantage, International Trade, and Fertility
Kehoe, Pujolas, and Rossbach w22706 Quantitative Trade Models: Developments and Challenges
Fort w22550 Technology and Production Fragmentation: Domestic versus Foreign Sourcing
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us