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...

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...

This paper considers a model in which a profit-maximizing firm and a labor-managed income-per-worker-maximizing firm are allowed to offer lifetime employment as a strategic commitment. First, both firms simultaneously and independently decide whether to offer lifetime employment. If a firm...