Guasch, J. Luis; Laffont, Jean-Jacques; Straub, Stephane - School of Economics, University of Edinburgh - 2005
This paper completes Guasch, Laffont and Straub (2003), extending the analysis to the case of government-led renegotiations. We first extend the theoretical framework to a multiple-period context in which both Pareto improving and rent shifting renegotiations at the initiative of the government...