This paper investigates a Cournot game model with a nonlinear demand function where a profit-maximizing firm competes against a socially concerned firm. The timing of the game is as follows. In stage one, each firm non-cooperatively decides whether to offer a wage-rise contract policy (WRCP) as...

This paper studies the effectiveness of lifetime employment as a strategic commitment in a three-stage Cournot model with two identical labour-managed income-per-worker-maximizing firms. In the first stage, one labour-managed firm is allowed to offer lifetime employment. In the second stage, the...

This paper is based on a two-stage model of an incumbent firm and a potential entrant. We consider two cases in terms of strategic relevance between both firms. We also consider both price-setting competition and quantitysetting competition. Therefore, we examine four cases. Each case is...

The analysis in Fudenberg and Tirole (1983) discusses the perfect equilibria of a continuous-time model of the strategic investment decisions of two profitmaximizing private firms in a new market and suggests that there are perfect equilibria where each firm does not invest to its steady-state...

This paper considers a two-stage quantity-setting duopoly model. The paper classifies demand functions into the following four cases in terms of the goods relevance and strategic relevance between both firms: ‘substitute goods and strategic substitutes’, ‘substitute goods and strategic...

This paper considers a two-period model in which two labour-managed firms can use inventory investment as a strategic device. In the first period, each firm simultaneously and independently chooses how much it sells in the current market and the level of inventory it holds for the second-period...

We examine the behaviors of one state-owned welfare-maximizing firm and one labor-managed income-per-worker-maximizing firm in a two-stage mixed market model with capacity investment as a strategic instrument. In the first stage, each firm independently decides whether or not to install...

This paper considers lifetime employment contracts as a strategic commitment and discusses the respective equilibrium outcomes of the two cases of a price-setting game with substitute goods and a price-setting game with complementary goods. As a result, it is shown that in each case, the...