The authors complement the existing knowledge in the renegotiation literature on infrastructure concessions by analyzing government-led renegotiations. They first propose a multiple-period theoretical framework in which both Pareto-improving and rent-shifting renegotiations at the initiative of the government can occur. They then perform an empirical analysis based on a sample of 307 water and transport projects in five Latin American countries between...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2005/10/01
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Рабочий документ в рамках исследования вопросов политики
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WPS3749
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1
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1
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2010/07/01
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Disclosed
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Infrastructure concessions in Latin America : government-led renegotiations
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International Centre for Settlement of Investment Disputes