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

Kazuhiro Ohnishi
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Kazuhiro Ohnishi: Institute for Basic Economic Science, Postal: Institute for Basic Economic Science, Japan

Indian Economic Review, 2012, vol. 47, issue 2, 183-190

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.

Keywords: Mixed Cournot duopoly; Two production periods; Labour-managed firm; Profit-maximizing firm (search for similar items in EconPapers)
JEL-codes: C72 D21 L20 (search for similar items in EconPapers)
Date: 2012
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