Renegotiation of concession contracts: A theoretical approach
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Research Areas
Publication Details
Output type: Other
Author list: Guasch JL, Laffont JJ, Straub S
Publisher: Springer
Publication year: 2006
Journal: Review of Industrial Organization (0889-938X)
Volume number: 29
Issue number: 1-2
Start page: 55
End page: 73
Number of pages: 19
ISSN: 0889-938X
eISSN: 1573-7160
Languages: English-Great Britain (EN-GB)
Unpaywall Data
Open access status: closed
Abstract
We construct a regulation model in which renegotiation occurs due to the imperfect enforcement of concession contracts. This enables us to provide theoretical predictions for the impact, on the probability of renegotiation of a concession, of regulatory policy, institutional features, economic shocks and of several characteristics of the concession contracts themselves.
Keywords
concession contracts, regulation, renegotiation
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