Premium
Entry and Managerial Incentives: A Note
Author(s) -
Carlos BárcenaRuiz Juan,
Paz Espinosa Marı´a
Publication year - 2000
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/1467-8586.00102
Subject(s) - incentive , economics , term (time) , microeconomics , industrial organization , quantum mechanics , physics
This note reinforces the results in a paper by Sen ( International Journal of Industrial Organization , vol. 11, 1993, pp. 123–37). It is shown that his assumption that the incentive schemes in a two‐period model are the same for the two periods is not necessary for the results: only the long‐term nature of contracts with managers matters.