CREMER, Helmuth; CRÉMER, Jacques - In: Annales d'Economie et de Statistique (1994) 33, pp. 29-49
We study duopolistic markets where a profit-maximizing firm competes with an employee-controlled firm that maximizes value-added per employee. We first study an industry with Cournot competition. We show that the presence of an employee-controlled firm does not affect the equilibrium number of...