Dietl, Helmut M.; Grossmann, Martin; Lang, Markus; Wey, … - In: Journal of Economic Behavior & Organization 89 (2013) C, pp. 93-104
Several countries have implemented bonus taxes for corporate executives in response to the current financial crisis. Using a principal-agent model, this paper investigates the incentive effects of bonus taxes by analyzing the agent's and principal's behavior. Specifically, we show how bonus...