Engel, Eduardo; Fischer, Ronald; Galetovic P., Alexander - In: Economics of Transportation : the official journal of … 38 (2024), pp. 1-7
We study the effects of a country’s propensity to renegotiate transportation infrastructure contracts on the technical … renegotiating. This leads to costlier transportation infrastructure and lower welfare. Countries with institutional settings with a … higher propensity for renegotiation, or where more net welfare is “up for grabs” in renegotiations, procure transportation …