Renegotiation Without Holdup: Anticipating Spending and Infrastructure Concessions
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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
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美国国家经济研究局创建时间:
2006-07-01



