%0 Journal Article
%T Labor Investment in a New International Mixed Market
%A Kazuhiro Ohnishi
%J Technology and Investment
%P 143-148
%@ 2150-4067
%D 2010
%I Scientific Research Publishing
%R 10.4236/ti.2010.12017
%X 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.
%K Lifetime Employment Contract
%K Continuous-Time Dynamic Model
%K Domestic Public Firm
%K Foreign Private Firm
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=1765