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Essay

Long-Term Contracts for Natural Gas

Essay specific features

 

Issue:

Science

 

Written by:

Robert S

 

Date added:

June 7, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

21 / 5648

 

Was viewed:

5599 times

 

Rating of current essay:

 
Essay content:

Our main finding is that contracts that are linked to an asset-specific investment are on average 7 years longer than the others; however, their duration decreases with liberalization as well. Keywords: long-term contracts, asset-specificity, natural gas JEL-Codes: L22, L95, Q41 2 1 Introduction Long term contracts are back on the research and policy agenda...
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The issue of long-term contracts as an intermediate organizational form somewhere in between vertical integration and short-term, marketbased trading in itself is a regular topic in institutional economics and contract theory. Yet empirical work on the determinants of long-term contracts evolved mainly in the 1980s (e...
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