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- W2551651063 abstract "We apply algorithmic data reading and textual analysis to compare the features of contracts in regulated industries subject to scrutiny (which we call public contracts) with contracts between non-governmental entities. We show that contracts are lengthier and have more rule-based rigid clauses; in addition, their renegotiation is formalized in amendments. We also find that contract length and the frequency of rigidity clauses increases in political contestability and closer to upcoming elections. We maintain that the higher rigidity of contracts is a political risk adaptation strategy carried out by agents to lower the likelihood of success of politically motivated challenges from opportunistic third parties." @default.
- W2551651063 created "2016-11-30" @default.
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- W2551651063 date "2015-05-01" @default.
- W2551651063 modified "2023-10-18" @default.
- W2551651063 title "Rigidity of Public Contracts" @default.
- W2551651063 doi "https://doi.org/10.3386/w21186" @default.
- W2551651063 hasPublicationYear "2015" @default.
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