Vilensky, Pyotr; Smolyak, Sergey - In: Journal of the New Economic Association (2009) 1-2, pp. 150-159
We consider a mining or other extractive project, which is fulfilled on the basis of a production-sharing agreement. These agreements provide for production sharing on the basis of current IRR or current R-factor. The implications of using such production sharing mechanisms are studied with the...
