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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| Format: | eBook |
| Language: | English |
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Washington, DC
World Bank Institute, Governance, Regulation, and Finance Division
2000
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| 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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| Item Description: | "November 2000"--Cover. - Includes bibliographical references (p. [21]-23) |
| Physical Description: | 30 p ill 28 cm |