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The firms have equal goal functions that extend beyond profit maximisation; we assume they maximise a weighted sum of profits, revenues (PX) and consumer surplus (S).
It values profit maximisation over social welfare, individuals over communities.
But the church achieves its goal of profit maximisation when everyone else burns fossil fuels.
In the name of expansion and profit maximisation, that inheritance has been squandered.
BAA was simply to become a British public limited company, whose sole objective would be profit maximisation.
"Profit maximisation comes before the life and health of the poorest people on our planet," he said.
Similar(5)
Like all externalisation, making the public pay for the profit-maximisation scheme of delaying release windows is a net loss.
The results from the experiments using boundedly rational agents, and comparison with profit-maximisation reveal thresholds in incentive schemes, where a sharp increase in environmental benefit occurs for a small increase in incentive.
In the corporate context, 'self' means the corporate ownership and the 'moral duty' is profit-maximisation.
Pure and moderate profit-maximisation could sit well with Lantos' (2001 , 2002 strategic CSR policy.
Based on CSR strategies proposed by Lantos (2002), the mining companies seem to opt for one of four CSR strategies: pure profit-maximisation, constrained profit-maximisation, social activism and pure altruism.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com