Lifetime employment and reaction functions of socially concerned firms under quantity competition

Ohnishi, Kazuhiro (2021): Lifetime employment and reaction functions of socially concerned firms under quantity competition.

Abstract

This paper considers a Cournot oligopoly model with a concave demand function where socially concerned firms can offer lifetime employment as a strategic commitment device. Each socially concerned firm maximizes its own profit plus a share of consumer surplus. The paper presents the reaction functions of socially concerned firms in the Cournot oligopoly model.

• Item Type: MPRA Paper
• Language: English
• Keywords: Cournot oligopoly model; Lifetime employment; Reaction functions; Socially concerned firms
• Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games; D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L20 - General

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