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has been cited by the following article:
TITLE: Labor Investment in a New International Mixed Market
AUTHORS: Kazuhiro Ohnishi
KEYWORDS: Lifetime Employment Contract, Continuous-Time Dynamic Model, Domestic Public Firm, Foreign Private Firm
JOURNAL NAME: Technology and Investment, Vol.1 No.2, May 25, 2010
ABSTRACT: This paper considers a continuous-time dynamic mixed market model of labor investment decisions of a domestic public firm and a foreign private firm. The paper studies the optimal levels of preemptive investment for the long-run structure of the international mixed market. It is then demonstrated that there are no perfect equilibria in which neither firm invests to its steady-state reaction curve.