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If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator, indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of...
Persistent link: https://www.econbiz.de/10010523932
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...
Persistent link: https://www.econbiz.de/10010524256
advances a more integrative framework. He probes issues such as: • the tension between the need and the ability to contract … control • dialectical tensions stemming from contract application • standardization of contracting practices. By exploring … -- ch. 3. Need versus ability to contract -- ch. 4. How trust and contracts coevolve -- ch. 5. Functions of negotiation and …
Persistent link: https://www.econbiz.de/10011850599
Street Journal, A1 -- Macneil, I.R. (1980), The New Social Contract: An Inquiry into Modern Contractual Relations, New Haven …, and Relational Contract Law', Northwestern University Law Review, 72 (6), 854-905 -- Ronald Coase (1998), 'The New … (8), August, 707-25 -- Paul L. Joskow (1987), 'Contract Duration and Relationship-Specific Investments: Empirical …
Persistent link: https://www.econbiz.de/10011852192