Specific Factor and Optimal Intervention to Achieve Non‐Economic Objectives

In this article the author explores the optimal policies to achieve non‐economic objectives in the presence of a specific factor and demonstrates that the same policies—though not necessarily at the same level—are required as in the traditional two‐by‐two trade model. In addition, it is shown that a direct subsidy on the specific factor will be the optimal policy for the exploitation of domestic‐owned resources.

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Year of publication:	1983
Authors:	Wang, Leonard F.S.
Published in:	Journal of Economic Studies. - MCB UP Ltd, ISSN 1758-7387, ZDB-ID 1480042-1. - Vol. 10.1983, 2, p. 50-54
Publisher:	MCB UP Ltd

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb002557 [DOI]
Source:	Other ZBW resources

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