A note the cost of pollution abatement
The purpose of the article is to analyse the consequences of the constraint of shareholder value on the wage level and equilibrium unemployment rate. We will relate the new program of maximization of the firm, as well as the one of the trade union. We obtain an increase of the unemployment rate when progressing from a maximization of profit to a maximization of the EVA. The unemployment rate is also now depending on others financial variables.
|Date of creation:||2007|
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- Thierry Bréchet & Philippe Michel, 2007.
"Environmental performance and equilibrium,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 40(4), pages 1078-1099, November.
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