TY - JOUR ID - 115286 TI - Lifetime Employment and a Sequential Choice in a Mixed Duopoly Market with a Joint-Stock Firm JO - International Journal of Management, Accounting and Economics JA - IJMAE LA - en SN - AU - Ohnishi, Kazuhiro AD - Institute for Basic Economic Science, Osaka, Japan Y1 - 2016 PY - 2016 VL - 3 IS - 5 SP - 283 EP - 295 KW - mixed duopoly KW - three-stage game KW - state-owned firm KW - Joint-stock firm KW - lifetime employment DO - N2 - This paper examines a three-stage game model in which a joint-stock private firm and a state-owned public firm can sequentially offer lifetime employment before competing in quantities. The game runs as follows. First, the joint-stock private firm decides whether to offer lifetime employment. Second, the state-owned public firm decides whether to offer lifetime employment. Third, both firms choose their outputs simultaneously and independently. The paper demonstrates that there is an equilibrium solution where only the joint-stock private firm offers lifetime employment. UR - https://www.ijmae.com/article_115286.html L1 - https://www.ijmae.com/article_115286_76bbe6993d5c90aad9688714414a1fa8.pdf ER -