Concession contract renegotiations : some efficiency versus equity dilemmas / Antonio Estache, Lucia Quesada Estache, Antonio

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Estache, Antonio
Concessions - Econometric models.; Concessions - Developing countries - Econometric models.; Contracts - Developing contries - Econometric models.
If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator, indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation.
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