In a mixed duopoly with a labor-managed firm and a profit-maximizing firm coexisting, this paper explores the effect of technology absorptive capacity on firms' output decision, R&D investment decision and social welfare. Firstly, we develop a two-stage R&D game model on the basis of...

This paper analyzes the output decision and welfare implications of acquiring information under uncertainty for the duopoly market coexisted by a labor-managed firm (LMF) and a profit-maximizing firm (PMF). By establishing objective functions of LMF and PMF, it constructs the theoretical...