Stackelberg Duopoly with an Illyrian and Profit-Maximising Firm

Illyrian labour-managed firms may have positively-inclined Cournot reaction functions. Consequently, in a “mixed” duopoly a determinate equilibrium can result in which the profit-maximising firm leads and the labour-managed firm follows. A simple example demonstrates this.

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Year of publication:	1983-06-01
Authors:	LAW, Peter J. ; STEWART, Geoff
Institutions:	Institut de Recherche Économique et Sociale (IRES), École des Sciences Économiques de Louvain

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Extent:	application/pdf
Series:	Discussion Papers (REL - Recherches Economiques de Louvain).
Type of publication:	Book / Working Paper
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Sciences Economiques Number 1983026 6 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011074946