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- W1569631466 abstract "This paper examines two three-stage games with a labor-managed income-perworker- maximizing firm and a profit-maximizing firm. In the first stage, the labormanaged firm (resp. the profit-maximizing firm) decides whether to make a commitment to capacity. In the second stage, the other firm decides on a commitment to capacity. In the third stage, both firms non-cooperatively choose quantities. The paper shows the equilibrium outcomes of the two three-stage games. The paper then finds that the introduction of capacity commitment into the analysis of threestage mixed market games is profitable for the labor-managed firm while it is not profitable for the profit-maximizing firm." @default.
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- W1569631466 date "2009-01-01" @default.
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- W1569631466 title "Strategic Commitment and Three-Stage Games with Labour-Managed and Profit-Maximizing Firms" @default.
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