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Mixed Cournot Duopoly with Two Production Periods: The Labour-Managed Firm and the Profit-Maximizing Firm

Author

Listed:
  • OHNISHI, KAZUHIRO

    (Institute for Basic Economic Science)

Abstract

This paper considers mixed Cournot duopoly competition with two production periods in which labour-managed and profit-maximizing firms compete against each other. The paper demonstrates that there exists a subgame perfect Nash equilibrium that coincides with the Stackelberg outcome in which the profit-maximizing firm is the leader and the labour-managed firm is the follower.

Suggested Citation

  • Ohnishi, Kazuhiro, 2012. "Mixed Cournot Duopoly with Two Production Periods: The Labour-Managed Firm and the Profit-Maximizing Firm," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 47(2), pages 183-190.
    • Handle: RePEc:dse:indecr:0052
    as

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    More about this item

    Keywords

    Mixed Cournot duopoly; Two production periods; Labour-managed firm; Profit-maximizing firm;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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