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Stackelberg Mixed Triopoly Games with State-Owned, Labour-Managed and Capitalist Firms

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  • Ohnishi, Kazuhiro

Abstract

This paper investigates three sequential-move games with a capitalist firm, a labour-managed firm and a state-owned firm. The first game is as follows. In stage one, the capitalist firm chooses its output level. In stage two, the other firms choose their output levels simultaneously and independently. In stage three, the market opens and all firms sell their outputs. The structures of the second and third games are nearly identical and differ only in order in which the firms choose output levels in the first two stages. The paper discusses the equilibrium outcomes of the three sequential-move games.

Suggested Citation

  • Ohnishi, Kazuhiro, 2018. "Stackelberg Mixed Triopoly Games with State-Owned, Labour-Managed and Capitalist Firms," MPRA Paper 88222, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:88222
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Stackelberg games; Capitalist firm; Labour-managed firm; State-owned 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
    • L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General

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