Hostname: page-component-68945f75b7-zpsnj Total loading time: 0 Render date: 2024-08-05T09:55:17.192Z Has data issue: false hasContentIssue false
  • English
  • Français

Stackelberg Duopoly with an Illyrian and Profit-Maximising Firm

Published online by Cambridge University Press:  17 August 2016

Peter J. Law  and
Geoff Stewart
Peter J. Law
Affiliation:
Department of Economics, University of Warwick
Geoff Stewart
Affiliation:
Department of Economics, The University Newcastle Upon Tyne
Get access

Abstract

Illyrian labour-managed firms may have positively-inclined Cournot reaction functions. Consequently, in a “mixed” duopoly a determinate equilibrium can result in which the profit-maximising firm leads and the labour-managed firm follows. A simple example demonstrates this.

Type
Recensions
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 49 , Issue 2 , June 1983 , pp. 207 - 212
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1983 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

1

Part of this research was undertaken while Geoff Stewart was at the University of Warwick on an SSRC Studentship.

References

Ireland, N.J. & Law, P.J. (1982), The Economics of Labour-Managed Enterprises, Croom-Helm, London.Google Scholar
Miyamoto, Y. (1982), “A Labour-Managed Firm’s Reaction Function Reconsidered”, Warwick Economic Research Paper, No 218.Google Scholar
Moulin, H. (1981), “Deterrence and Co-operation”, European Economic Review, Vol. 15, pp. 179–93.Google Scholar
Vanek, J. (1970), The General Theory of Labour-Managed Market Economies, Cornell University Press, Ithaca.Google Scholar