-invest in early construction, seeking a renegotiation thereafter. We show that, in a renegotiation-proof contract, the marginal …

problems are sufficiently severe, the contract is not robust to renegotiation unless it has a longer duration when the realized …

successive renegotiations in terms of the timing of renegotiations, contract design, regulatory change, and bargaining power … of negotiations by starting negotiations in the year prior to elections, and especially when they built out political … connections. The learning from renegotiations on the public sector's side, in terms of contract design and execution of regulatory …