The Dark and Bright Sides of Renegotiation: An Application to Transport Concession Contracts

1 janvier 2010

Numéro: 2010-1 The Dark and Bright Sides of Renegotiation: An Application to Transport Concession Contracts Julie de Brux (Chaire EPPP & Vinci) Abstract: Renegotiations of public-private partnerships have recently been the subject of much attention. Economists regularly analyse them through the lens of ‘hold up’ theories. According to these models, renegotiations are a problem to be avoided:…

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