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 efficiency of the firms they attract. Firms are characterized by their ability to lobby and by their technical efficiency. In equilibrium, countries with a higher propensity...