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来源类型Working Paper
规范类型报告
DOI10.3386/w28491
来源IDWorking Paper 28491
Contractual Rigidity and Political Contestability: Revisiting Public Contract Renegotiations
Jean Beuve; Marian W. Moszoro; Pablo T. Spiller
发表日期2021-02-22
出版年2021
语种英语
摘要We present a model of public procurement in which both contractual flexibility and political tolerance for contractual deviations determine renegotiations. In the model, contractual flexibility allows for adaptation without formal renegotiation while political tolerance for deviations decreases with political competition. We then compare renegotiation rates of procurement contracts in which the procurer is either a public administration or a private corporation. We find robust evidence consistent with the model predictions: public-to-private contracts are renegotiated more often than comparable private-to-private contracts, and that this pattern is more salient in politically contestable jurisdictions. The frequent renegotiation of public contracts results from their inherent rigidity and provides a relational quality of adaptability to contingencies in politically contestable environments.
主题Microeconomics ; Households and Firms ; Welfare and Collective Choice ; Public Economics ; National Fiscal Issues
URLhttps://www.nber.org/papers/w28491
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586163
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Jean Beuve,Marian W. Moszoro,Pablo T. Spiller. Contractual Rigidity and Political Contestability: Revisiting Public Contract Renegotiations. 2021.
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