Chang, Winston - In: The Journal of International Trade & Economic Development 14 (2005) 1, pp. 19-42
chooses the degree of privatization and import tariff to maximize national welfare. The paper examines the policy effects on … linear demand and quadratic costs, the equilibrium prices, firms' outputs, welfare and tariff rates are the same under … calls for a higher optimal tariff rate. This result does not carry over to the case of increasing marginal costs, although …