Entry and Managerial Incentives: A Note |
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| Authors: | Juan Carlos B rcena‐Ruiz,Mar&#x a Paz Espinosa |
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| Affiliation: | Juan Carlos Bárcena‐Ruiz,Marı´a Paz Espinosa |
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| Abstract: | 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. |
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