Risk Shifting and Long-Term Contracts : Evidence from the Ras Gas Project

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 (LNG) facilities. Resolvin...

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Bibliographic Details
Main Authors: Dailami, Mansoor, Hauswald, Robert
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ACCOUNTING
BANKRUPTCY
BANKRUPTCY PROCEDURES
CAPITAL MARKETS
CAPITALIZATION
CONSTRUCTION
CONTAGION
CREDIT RISK
CRUDE OIL
DEBT
DEFAULT RISK
DEMAND FOR ENERGY
DIVIDENDS
ECONOMIC CIRCUMSTANCES
ECONOMIC SITUATION
ECONOMICS
ECONOMIES OF SCALE
ELECTRIC POWER
ELECTRICITY
ELECTRICITY DEMAND
ELECTRICITY GENERATION
EMERGING MARKETS
EMPIRICAL ANALYSIS
EMPIRICAL EVIDENCE
EQUILIBRIUM
EXCHANGE RATE
FINANCIAL CRISES
FINANCIAL MARKETS
FINANCIAL TRANSACTIONS
FUEL
FUTURE VALUE
GAS
GAS COMPANY
GAS PLANTS
GAS PRICES
GAS RESERVES
GENERATION CAPACITY
GLOBAL MARKETS
IMPORTS
INVESTMENT CHOICES
MARKET RISK
MIGRATION
MORAL HAZARD
NATURAL GAS
OFFSHORE DRILLING
OIL
OIL PRICES
OPERATING COSTS
OPTION VALUE
PIPELINES
POWER PLANTS
POWER STATIONS
PRIVATIZATION
PROPERTY RIGHTS
RISK FACTORS
RISK MANAGEMENT
RISK TAKING
TRANSACTION COSTS
VALUABLE INFORMATION
VESSELS
WORLD CRUDE
Online Access:http://documents.worldbank.org/curated/en/2000/11/717455/risk-shifting-long-term-contracts-evidence-ras-gas-project
http://hdl.handle.net/10986/19764

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