%0 Book
%T Risk shifting and long-term contracts: evidence from the Ras Gas Project
%A Dailami, Mansoor
%S Policy research working paper 2469
%D 2000
%I World Bank Institute, Governance, Regulation, and Finance Division
%C Washington, DC
%G English
%F 724200231
%O Mansoor Dailami and Robert Hauswald
%O "November 2000"--Cover
%O Includes bibliographical references (p. [21]-23)
%O Also available in print.
%O Online-Ausg. World Bank E-Library Archive Also available in print
%X 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
%K Bonds
%K Korea (South)
%K Incomplete contracts
%K Project finance
%K Public utilities
%K Risk
%9 Text
%U http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2469