Kosnik, Lea-Rachel D.; Lange, Ian - 2012
propensity to renegotiate. We test our hypotheses using data on U.S. coal contracts after the policy shock of the 1990 Clean Air …Policy shocks affect the rent distribution in long-term contracts, which can lead to such contracts being renegotiated … Act Amendments. This law altered the regulation of emissions of sulfur dioxide from coal-fired electric power plants …