Risk shifting and long-term contracts
evidence from the Ras Gas Project
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Author
Contributions
- Hauswald, Robert. - Contributor
- World Bank Institute. Governance, Regulation, and Finance Division. - Contributor
Publication
2000 - World Bank Institute, Governance, Regulation, and Finance Division, Washington, DC, District of Columbia
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2002616168
- Open LibraryOL3669331M
Classifications
- LCCHG3881.5.W57
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
Topics
RiskBondsProject financePublic utilitiesIncomplete contractsRisk -- Korea (South)Bonds -- Korea (South)Project finance -- Korea (South)Public utilities -- Korea (South)Incomplete contracts -- Korea (South)
Places
Series Statement
- Policy research working paper ;
- 2469
- Policy research working papers (Online) ;
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