Cable Franchise Renewals: Do Incumbent Firms Behave Opportunistically?
研究有线电视特许经营权续期时供应商机会主义行为是否普遍，提出理论解释为何不良行为可能是例外，并通过续期合同数据检验。
Systematic empirical evidence has heretofore been lacking on the extent to which supplier opportunism at the time of contract renewal is a fundamental problem associated with franchise bidding schemes. At least for the case of local cable television distribution, this article suggests several theoretical reasons why bad behavior by an incumbent supplier may be the exception rather than the rule and a simple test for supplier opportunism at the time of franchise renewal. The simple test is employed to empirically analyze the terms of trade in a cross-sectional sample of recent cable franchise renewal contracts