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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 …
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contracts, we comprehensively document different collusion methods along the lines described by Stigler (1964). Quota cartels …
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