Authors:

  • Elhanan Helpman

Excerpt

Matching and Sorting in a Global Economy. Elhanan Helpman, September 2013, Paper. "We develop a neoclassical trade model with heterogeneous factors of production. We consider a world with two factors, labor and “managers,” each with a distribution of ability levels. Production combines a manager of some type with a group of workers. The output of a unit depends on the types of the two factors, with complementarity between them, while exhibiting diminishing returns to the number of workers..." Link Verified October 12, 2014