The authors examine firm profitability in mixed duopoly equilibrium with one labor managed (LM) firm and one profit maximizing (PM) firm, and with strategic investment. Conventional wisdom suggests that firms deviating from profit-maximization will suffer forced exit in the long run. The authors...

We examine firm profitability in mixed duopoly equilibrium with one labor-managed (LM) firm and one profit-maximizing (PM) firm, and with strategic investment. Conventional wisdom suggests that firms deviating from profit-maximization will suffer forced exit in the long run. We reverse this...

We examine firm profitability in mixed duopoly equilibrium with one labor-managed (LM) firm and one profit-maximizing (PM) firm, and with strategic investment. Conventional wisdom suggests that firms deviating from profit-maximization will suffer forced exit in the long run. We reverse this...