Volume 11 (2024)
Volume 10 (2023)
Volume 9 (2022)
Volume 8 (2021)
Volume 7 (2020)
Volume 6 (2019)
Volume 5 (2018)
Volume 4 (2017)
Volume 3 (2016)
Volume 2 (2015)
Volume 1 (2014)
Economics
Mixed Duopoly, Privatization and Subsidization: Complementary Goods

Kazuhiro Ohnishi

Volume 10, Issue 2 , February 2023, , Pages 149-156

https://doi.org/10.5281/zenodo.7790265

Abstract
  This paper uses a mixed market model in which a state-owned public firm and a private firm produce complementary goods and reassesses the welfare effects of production subsidies. The paper examines four regimes: mixed and private duopoly, each with and without subsidies. In the regimes without subsidies, ...  Read More

Economics
Corporate Social Responsibility and Reaction Functions of Labor-Managed Firms with Lifetime Employment as Strategic Commitment

Kazuhiro Ohnishi

Volume 9, Issue 8 , August 2022, , Pages 542-549

https://doi.org/10.5281/zenodo.7028374

Abstract
  This paper examines an oligopoly game model with a concave demand function where labor-managed firms compete in quantities with each other. There is no possibility of entry or exit. The timing of the game is as follows. In the first stage, each labor-managed firm simultaneously and independently chooses ...  Read More

Economics
Mixed Duopoly, Privatization, Subsidization and Partial Foreign Ownership

Kazuhiro Ohnishi

Volume 8, Issue 9 , September 2021, , Pages 707-714

https://doi.org/10.5281/zenodo.5888910

Abstract
  The seminal work by White (1996) examines the welfare effects of production subsidies in a mixed Cournot oligopoly market where a state-owned public firm competes with fully domestic-owned private firms, and presents the following two main results. First, if production subsidies are utilized only before ...  Read More

Economics
Managerial Incentives in Price-Setting Mixed Duopoly Model with Complementary Goods

Kazuhiro Ohnishi

Volume 8, Issue 5 , May 2021, , Pages 362-367

https://doi.org/10.5281/zenodo.5065856

Abstract
  This paper examines a price-setting mixed duopoly model in which a state-owned public firm and a private firm produce complementary goods. There is no possibility of entry or exit. Each firm has one owner and can hire one manager to make its production decisions. The paper first analyzes the following ...  Read More

Endogenous Timing in Mixed Duopoly with Wage-Rise Contracts as Strategic Device

Kazuhiro Ohnishi

Volume 7, Issue 7 , July 2020, , Pages 391-399

Abstract
  This paper considers a mixed duopoly market in which a private firm competes against a public firm. Each firm first has to choose the timing for offering a wage-rise contract as a strategic device. The timing of the game is as follows. In stage one, each firm chooses either stage two or stage three simultaneously ...  Read More

The Decision Whether to Hire Managers in a Mixed Duopoly with State-Owned and Labor-Managed Firms

Kazuhiro Ohnishi

Volume 7, Issue 3 , March 2020, , Pages 167-172

Abstract
  This paper considers a mixed duopoly model in which a state-owned firm competes with a labor-managed firm. The timing of this game is as follows. In the first stage, each firm decides whether or not to hire a manager. In the second stage, the firms that hired managers select incentive parameters for ...  Read More

Reaction Functions under Quantity Competition in International Mixed Triopolies

Kazuhiro Ohnishi

Volume 5, Issue 6 , June 2018, , Pages 411-416

Abstract
  This paper considers an economy in which a state-owned public firm, a domestic private firm and a foreign private firm compete in output levels. The paper examines the firms’ reaction functions in the economy. As a result of this analysis, the paper shows that there is a mixed triopoly in which ...  Read More

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

Lifetime Employment and Mixed Cournot Duopoly with State-Owned and Joint-Stock Firms

Kazuhiro Ohnishi

Volume 5, Issue 1 , January 2018, , Pages 1-9

Abstract
  This paper examines a mixed duopoly model in which a state-owned firm competes with a joint-stock firm. The following two stages are considered. In the first stage, each firm can simultaneously and independently decide whether or not to offer lifetime employment as a strategic commitment. In the second ...  Read More

Wage-Rise Contract and Mixed Duopoly with Price Competition

Kazuhiro Ohnishi

Volume 4, Issue 9 , September 2017, , Pages 898-908

Abstract
  This paper investigates a mixed duopoly environment in which a private firm competes on price with a public firm. The following timing of actions is considered. In the first stage, each firm non-cooperatively decides whether to adopt a wage-rise contract as a strategic commitment device. If a firm adopts ...  Read More

Quantity Precommitment and Cournot and Bertrand Models with Complementary Goods

Kazuhiro Ohnishi

Volume 4, Issue 1 , January 2017, , Pages 17-29

Abstract
  This paper investigates Cournot and Bertrand duopoly models with complementary goods, where firms can enter into lifetime employment contracts with their respective workers as a strategic device. The paper treats the following four cases: ‘Cournot competition with strategic complements’, ...  Read More

Endogenous Timing in a Price-Setting Mixed Duopoly with a Foreign Competitor

Kazuhiro Ohnishi

Volume 3, Issue 12 , December 2016, , Pages 758-763

Abstract
  This paper considers mixed duopoly games where a state-owned public firm and a foreign private firm compete in price. The public firm aims to maximize the un-weighted sum of consumer surplus and its own profit. The paper examines a desirable role (either leader or follower) of the public firm, an effect ...  Read More

Lifetime Employment and a Sequential Choice in a Mixed Duopoly Market with a Joint-Stock Firm

Kazuhiro Ohnishi

Volume 3, Issue 5 , May 2016, , Pages 283-295

Abstract
  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, ...  Read More

Capacity and Reaction Functions of Joint-Stock Firms

Kazuhiro Ohnishi

Volume 3, Issue 3 , March 2016, , Pages 166-173

Abstract
  This paper investigates two-stage competition with two joint-stock firms. In the first stage, each firm independently chooses a level of capacity. In the second stage, each firm independently chooses an output. The paper shows that each firm’s reaction function has a kink at its installed capacity ...  Read More