%0 Journal Article
%T Investment Decisions in a New Labor-Managed Industry
%J Journal of Game Theory
%@ 2325-0054
%D 2012
%I 
%R 10.5923/j.jgt.20120101.02
%X This paper considers a continuous-time dynamic model of the strategic capacity investment of two labor-managed firms in a new industry and constructs a set of perfect equilibria of the model. The paper then finds that there are perfect equilibria where neither firm invests to its steady-state reaction curve.
%K Continuous-time dynamic model
%K Labor-managed firms
%K Strategic capacity investment
%U http://article.sapub.org/10.5923.j.jgt.20120101.02.html