Risk shifting and long-term contracts
An edition of Risk shifting and long-term contracts (2000)
evidence from the Ras Gas Project
By Mansoor Dailami
Publish Date
2000
Publisher
World Bank Institute, Governance, Regulation, and Finance Division
Language
eng
Pages
-
Description:
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.
subjects: Bonds, Incomplete contracts, Project finance, Public utilities, Risk
Places: Korea (South)