文章基本信息

标题：The welfare effects of international trade with optimistic and pessimistic managers
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作者：Frederic Peltrault ; Michel Blanchard
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2004
卷号：6
出版社：Economics Bulletin
摘要：This paper investigates the welfare effects of international trade when technological idiosyncratic risk is distorted by optimistic and pessimistic managers. We show that free trade always improves the ex-ante welfare but sometimes lowers the ex-post welfare. Free trade commitment can be regretted ex-post.