Kehoe, Timothy J. <br/><br/>
The Opportunity Costs of Entrepreneurs in International Trade / 
Timothy J. Kehoe, Pau S. Pujolas, Kim J. Ruhl. 
 - Cambridge, Mass.  National Bureau of Economic Research  2016. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w22514 .
 - Working Paper Series (National Bureau of Economic Research)  no. w22514. .
<br/><br/> August 2016. 
<br/><br/> 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. 
<br/><br/>
<br/><br/><br/>System requirements: Adobe [Acrobat] Reader required for PDF files. <br/>Mode of access: World Wide Web.