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This paper examines the behavior of a labor-managed income-per-member-maximizing firm and a profit-maximizing firm in a quantity-setting model with a strategic commitment. First, each firm independently decides whether or not to make a commitment to capacity. This capacity may subsequently be...
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This paper examines an international mixed model in which a domestic state-owned welfare-maximizing public firm competes against a foreign labor-managed income-per-worker-maximizing private firm. In the first stage, each firm independently decides whether or not to make a commitment to capacity....
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This paper examines the effectiveness of the wage-rise-contract policy as a strategic commitment in a two-stage quantity-settingmodel with two labor-managed income-per-worker-maximizing firms. The policy is a promise by the firm that it will announce acertain output level and a wage premium...
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This paper examines an endogenous-timing mixed model, where a public firm competes against a foreign private firm. Each firm first chooses the timing for adopting a wage-rise contract as a strategic instrument. The following situation is considered. In the first stage, each firm simultaneously...
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The literature on normal form games generally depicts the payoff matrices of two or three players. However, many such games discuss n-players. Therefore, this note studies the payoff representations of n-player normal form games.
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