On the Study of a Single-Period Principal-Agent Model with Taxation
This paper investigates a single-period principal-agent model with moral hazard. In the model, we implement bonus tax for the agent and analyze the effect of loss aversion by comparing with the results by Dietl et al. (2013). The existence and uniqueness of the optimal contracting problem are proved...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2020-01-01
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| Series: | Mathematical Problems in Engineering |
| Online Access: | http://dx.doi.org/10.1155/2020/5401591 |