Risk shifting and long-term contracts: evidence from the Ras Gas Project

Risk shifting and incomplete contracting lie at the heart of the agency relationship inherent in the procurement and financing of large-scale projects such as power plants, oil and gas pipelines, and liquefied natural gas facilities. An investigation of Ras Gas bonds provides empirical evidence of t...

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Bibliographische Detailangaben
1. Verfasser: Dailami, Mansoor (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, DC World Bank Institute, Governance, Regulation, and Finance Division [2000]
Schriftenreihe:Policy research working paper 2469
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Zusammenfassung:Risk shifting and incomplete contracting lie at the heart of the agency relationship inherent in the procurement and financing of large-scale projects such as power plants, oil and gas pipelines, and liquefied natural gas facilities. An investigation of Ras Gas bonds provides empirical evidence of the risk-shifting consequences of contractual incompleteness
Beschreibung:"November 2000"--Cover
Includes bibliographical references (p. [21]-23)
Beschreibung:1 Online-Ressource (30 Seiten) ill 28 cm

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