Theoretical research of endogenous timing and economic welfare

本课题研究了私营企业与上市企业竞争的混合寡头垄断市场下的企业时机问题。企业在决策时选择先发者还是后发者。此外，私营公司有利润分享薪酬制度，将公司利润的一小部分分给工会或工人，而上市公司有传统的薪酬制度。因此，我们认为采用利润分享的私营企业可能比上市公司更早做出工资决策。

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.