Renegotiation Without Holdup: Anticipating Spending and Infrastructure Concessions
收藏NBER2006-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12399
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资源简介：
Infrastructure concessions are frequently renegotiated after investments are sunk, resulting in better contractual terms for the franchise holders. This paper offers a political economy explanation for renegotiations that occur with no apparent holdup. We argue that they are used by political
提供机构：
美国国家经济研究局
创建时间：
2006-07-01
