Theoretical research of endogenous timing and economic welfare

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This project researches the timing of firms under a mixed oligopoly market in which private firm and public firm compete. Firms choose first mover or second mover on their decision-making. Also private firms have profit sharing compensation system that gives a fraction of a firm's profits to its union or workers and a public firm has traditional compensation system. As a result, we argue that the private firm that adopted profit sharing may make wage decision earlier than a public firm.