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Contractual Rigidity and Political Contestability : Revisiting Public Contract Renegotiations
Beuve, Jean; Moszoro, Marian W.; Spiller, Pablo T. - National Bureau of Economic Research - 2021
We present a model of public procurement in which both contractual flexibility and political tolerance for contractual deviations determine renegotiations. In the model, contractual flexibility allows for adaptation without formal renegotiation while political tolerance for deviations decreases...
Persistent link: https://www.econbiz.de/10012482706
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Soft Budgets and Renegotiations in Public-Private Partnerships
Engel, Eduardo - 2009
potential to increase efficiency and improve resource allocation, contract renegotiations have been pervasive … (iv) there are significant renegotiations in the early stages of the contract, e.g. during construction. We use data on …
Persistent link: https://www.econbiz.de/10012463350
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Renegotiation Without Holdup : Anticipating Spending and Infrastructure Concessions
Engel, Eduardo - 2006
Contract renegotiations allow administrations to replicate the effects of issuing debt. Yet debt issues are …
Persistent link: https://www.econbiz.de/10012466266
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How does Risk Selection Respond to Risk Adjustment? Evidence from the Medicare Advantage Program
Brown, Jason - 2011
Governments often contract with private firms to provide public services such as health care and education. To decrease …
Persistent link: https://www.econbiz.de/10012461681
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Intermediaries in Bargaining : Evidence from Business-to-Business Used-Car Inventory Negotiations
Larsen, Bradley J.; Lu, Hengheng; Zhang, Anthony Lee - National Bureau of Economic Research - 2021
We analyze data on tens of thousands of alternating-offer, business-to-business negotiations in the wholesale used … mediating the negotiations. We find that who intermediates the negotiation matters: high-performing mediators are 22.03% more … negotiations, overcoming some of the inefficiency inherent in incomplete-information settings …
Persistent link: https://www.econbiz.de/10012616607
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Work Rules, Featherbedding, and Pareto-Optimal Union Management Bargaining
Johnson, George E. - 1986
the case of negotiations over work rules and wages than in both the cases of fully efficient bargaining and of bargaining …
Persistent link: https://www.econbiz.de/10012477257
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Game Modelling the Tokyo Round of Tariff Negotiations
Baldwin, Robert E. - 1985
Using actual trade and tariff data for the United States and the European Community, this paper demonstrates how a trade negotiation such as the Tokyo Round, can be modelled as a game among countries attempting to minimize individual welfare loss functions. Once welfare functions are...
Persistent link: https://www.econbiz.de/10012477496
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Communication and Bargaining Breakdown : An Empirical Analysis
Backus, Matthew - 2020
Bargaining breakdown--whether as delay, conflict, or missing trade--plagues bargaining in environments with incomplete information. Can a bargaining environment that facilitates or restricts communication alleviate these costs? We exploit a unique opportunity to study this question using real...
Persistent link: https://www.econbiz.de/10012482204
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Strategic Bargaining Behavior, Self-Serving Biases, and the Role of Expert Agents : An Empirical Study of Final-Offer Arbitration
Ashenfelter, Orley - 2005
In this paper we study the complete evolution of a final-offer arbitration system used in New Jersey with data we have systematically collected over the 18-year life of the program. Covering the wages of police officers and firefighters, this system provides virtually a laboratory setting for...
Persistent link: https://www.econbiz.de/10012467496
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Negotiating Free Trade
Aghion, Philippe - 2004
We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at once. We show how the structure of coalition...
Persistent link: https://www.econbiz.de/10012467968