• Article  

      Income Distribution and Optimum Tariff 

      Chang, Winston W.; Michael, Michael S. (1991)
      publisher Tokyo This paper examines the implications of unequal income distribution among individuals on optimum tariff. It derives new optimum tariff formulas and shows that the distributional characteristics of individuals' ...
    • Article  

      Optimal commercial policy for an open economy with domestic distortions 

      Chang, Winston W.; Michael, Michael S. (1989)
      This paper formulates the optimal commercial policies with domestic distortions when the unconstrained first-best policy options are unavailable. Explicit formulae for the values of the interventionist variables are ...
    • Article  

      Optimum tariff and its optimum revenue distribution 

      Chang, Winston W.; Michael, Michael S. (1988)
      This paper examines the problem of optimum distribution of tariff revenues and the associated optimum tariff rate. It derives the first- and second-best tariff formulas and also the conditions for the latter to reduce to ...