Wage-rise contract and endogenous timing in international mixed duopoly

Kazuhiro Ohnishi

Research in Economics, 2010, vol. 64, issue 2, 121-127

Abstract: This paper examines an endogenous-timing mixed model, where a public firm competes against a foreign private firm. Each firm first chooses the timing for adopting a wage-rise contract as a strategic instrument. The following situation is considered. In the first stage, each firm simultaneously and independently chooses the stage in which it adopts a wage-rise contract, namely either stage 2 or stage 3. In the second stage, the firm choosing stage 2 can adopt the wage-rise contract in this stage. In the third stage, the firm choosing stage 3 can adopt the wage-rise contract in this stage. At the end of the game, each firm simultaneously and independently chooses its output. The paper discusses the equilibrium of the endogenous-timing mixed model.

Keywords: Wage-rise; contract; Endogenous; timing; International; mixed; duopoly; Domestic; public; firm; Foreign; private; firm (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1090-9443(09)00059-3
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:64:y:2010:i:2:p:121-127

Access Statistics for this article

Research in Economics is currently edited by Federico Etro

More articles in Research in Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().