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characterized by unemployment. We show that, if the labor market is imperfectly competitive, additional mechanisms arise via the …
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In this paper, I consider environmental policy as part of a mixed tax problem with a general income tax and linear commodity taxes. I assume that the wage rate is determined by bargaining between unions and firms. The results show that the change in the number of employed persons, following a...
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taxation. In addition, the appearance of equilibrium unemployment also provides an incentive for the government to directly tax …
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lower level of unemployment income than it would otherwise have done, it will to some extent compensate the unemployed by …
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unemployment. By analogy to the literature on social accounting under environmental external effects, the current value Hamiltonian … (or extended NNP in utility terms) is not an exact welfare measure in an economy with unemployment. The present value of …
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