Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=52319#.VJDmQ8nQrzE Author(s) Yasuhiko Nakamura Affiliation(s) College of Economics, Nihon University, Tokyo, Japan . ABSTRACT This paper analyzes a model in which both the owner of a social welfare-maximizing public firm and the owner of an absolute profit-maximizing private firm can hire biased managers for strategic reasons in a mixed duopoly in the contexts of both a price competition and a quantity competition. In this paper, in a mixed duopoly, we show that in the contexts of both a price competition and a quantity competition, the owners of both firms employ more aggressive managers. In particular, in the result obtai...
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