Risk shifting and long-term contracts [electronic resource] : evidence from the Ras Gas Project / Mansoor Dailami and Robert Hauswald.
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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| Online Access: |
Full Text (via Open Knowledge Repository) |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, DC :
World Bank Institute, Governance, Regulation, and Finance Division,
[2000]
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| Series: | Policy research working papers
2469. |
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| Summary: | 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. |
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| Physical Description: | 1 online resource (30 pages) : illustrations. |
| Bibliography: | Includes bibliographical references (pages 21-23). |
| Source of Description, Etc. Note: | Print version record. |