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Keywords = Capitalist firm

Number of Articles: 1
Unilateral Decisions to Hire Managers in Markets with Capitalist and Labor-Managed Firms

Kazuhiro Ohnishi

Volume 5, Issue 4 , April 2018, , Pages 190-196

Abstract
  This paper examines the equilibrium outcomes of firms’ decision games to hire managers when there is a capitalist firm competing against a labor-managed firm. The paper shows that if only the capitalist firm hires a manager, then the equilibrium coincides with the solution when neither firm hires ...  Read More