Concession Contract Renegotiations: Some Efficiency Versus Equity Dilemmas

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World Bank, World Bank Institute, Governance, Regulation, and Finance Division, 2001 - Concessions - 30 pages
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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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