This paper examines a two-period mixed market model in which a welfaremaximizing public firm and a profit-maximizing private firm can use inventory investment as a strategic device. It is then demonstrated that the equilibrium in the second period coincides with the Stackelberg solution where...

This paper examines international mixed competition, where one domestic social-surplus-maximizing public firm and one foreign profit-maximizing private firm can adopt a wage-rise contract as a strategic commitment. The paper considers the following three stages. In the first stage, the domestic...

This paper examines the idea that if an incumbent firm deviates from short-term profit maximization behavior and deters the entry of a potential entrant at the expense of higher profit, then its own mid-/long-term profit maximization is achieved. The paper confirms the importance of the...

This paper studies two-stage Cournot duopoly competition with a profit-maximizing firm and a joint-stock income-per-unit-of-capital-maximizing firm. In the first stage, each firm noncooperatively decides whether to offer lifetime employment as a strategic commitment. In the second stage, both...

Cooper (1986) examines the equilibrium of the retroactive most-favored-customer pricing policy by using a two-period duopoly model. He shows that the most-favored-customer policy enables both firms to offer higher prices and to enjoy higher profits. Neilson and Winter (1992) show that even if...

This paper investigates endogenous timing in a mixed duopoly consisting of a profit-maximising firm and a joint-stock firm. There are two stages and the firms simultaneously and independently announce in which stage they will offer lifetime employment as a strategic commitment. If both firms...

This paper investigates a price-setting mixed model involving a private firm and a public firm to reassess the welfare effect of partial privatization. First, the government chooses the level of privatization to maximize social welfare. Second, observing the level of privatization, the firms...

This eBook presents recent case studies on firms and their strategy employed in specific scenarios and industries. Readers will find, in this volume, an analysis of oligopolistic industries done by using various economic models. These models attempt to explain changes to the competitive...