Take-or-pay contract robustness: A three step story told by the Brazil-Bolivia gas case?

Energy Policy

Volumn 37, Issue 2, 2009, Pages 651-657

  Glachant, Jean Michel ^a   Hallack, Michelle ^a  

^a UNIVERSITÉ PARIS SACLAY   (France)

Author keywords

Gas industry; Long term contract; Take or pay

Indexed keywords

COMMERCE; GAS INDUSTRY; LIFE CYCLE;

CONTRACTUAL ARRANGEMENTS; INSTITUTIONAL ECONOMICS; LIFE CYCLE ANALYSIS; LONG-TERM CONTRACTS; MARKET VOLUME; SECOND PHASE; TAKE-OR-PAY; TOP FRAMEWORK;

GASES;

EMPIRICAL ANALYSIS; GAS INDUSTRY; GAS SUPPLY; GAS TRADE; LIFE CYCLE ANALYSIS; PERFORMANCE ASSESSMENT; TERMS OF TRADE;

BOLIVIA; BRAZIL; SOUTH AMERICA;

EID: 58149107259     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2008.09.086     Document Type: Article

References (23)

1. ANP-Agência Nacional de Petróleo, 2004. Propostas para o Novo Modelo de Indústria de Gás Natural no Brasil-Modelos Concorrencial e Cooperativo. Rio de Janeiro Brasil.
2. BNDES-Banco Nacional de Desenvolvimento Econômico e Social, 1997. Informes Infrastrutura Perspectivas para o Gas Natural. Rio de Janeiro Brasil.
3. BNDES-Banco Nacional de Desenvolvimento Econômico e Social, 2006. Informes Setoriais Impacto das Recentes Medidas da Bolívia no Setor de Gás Brasileiro. Rio de Janeiro, Brasil.
4. Brousseau E., and Glachant J.M. The economics of contracts and the renewal of Economics. In: Brousseau, and Glachant (Eds). The Economics of Contracts (2002), Cambridge University Press, Cambridge
5. Chevalier, J.M., 2004. Les Grandes Batailles de l'Energie. Edition Gallimard. Paris: Collection Folio Actuel.
6. Creti A., and Villeneuve. Long-term contracts and take-or-pay clauses in natural gas markets. Energy Studies Review 13 (2004) 75-94
7. Crocker K., and Masten S.E. Mitigating contractual hazards: unilateral options and contract length. Rand Journal of Economics 19 3 (1988) 327-343
8. Crocker K., and Masten S.E. Pretia ex machina? Prices and process in long-term contracts. Journal of Law and Economics 34 (1991) 69-99
9. Crocker K., and Masten S.E. Efficient adaptation in long-term contracts: take or pay provisions for natural gas. American Economic Review 75 5 (1985) 1083-1093
10. Guash, J.L., Laffont, J.J., Straub, S., 2002. Renegotiation of Concession Contracts in Latin America, available in SSRN electronic journal, 〈http://papers.ssrn.com/abstract_id=340580〉.
11. Hubbard G., and Weiner R. Regulation and long-term contracting in US natural gas markets. Journal of Industrial Economics 35 (1986) 71-79
12. Hubbard G., and Weiner R. Efficient contracting and market power: evidence from the US natural gas industry. Journal of Law and Economics 34 (1991) 25-67
13. Klein B. The role of incomplete contracts in self-enforcing relationships. In: Brousseau E., and Glachant J.M. (Eds). The Economics of Contracts: Theories and Applications (2002), Cambridge University Press, Cambridge
14. Klein B., Crawford R.G., and Alchian A.A. Vertical integration, appropriable rents, and the competitive contracting process. The Journal of Law and Economics 21 (1978) 297-326
15. Laffont J.J. Enforcement, Regulation and Development. Journal of African Economies 12 (2003) 193-211. http://jae.oxfordjournals.org/cgi/content/abstract/12/suppl_2/ii193 (http://jae.oxfordjournals.org/cgi/content/abstract/12/suppl_2/ii193)
16. Mulherin H. Complexity in long-term contracts: an analysis of natural gas contractual provisions. Journal of Law, Economics and Organization 2 (1986) 105-117
17. Neuhoff, K., von Hirschhausen, C., 2005. Long-term vs. short-term contracts; an european perspective on natural gas. Cambridge Working Papers in Economics 0539, Faculty of Economics (formerly DAE), University of Cambridge.
18. OCDE, 2000. Promoting Competition in Natural gas Industry; Committee on competition Law and Policy.
19. Victor D., Jaffe A.M., and Hayes M.H. Natural Gas and Geopolitics (2006), Cambridge University Press, Cambridge
20. Williamson O.E. Markets and Hierarchies (1975), Free Press, New York
21. Williamson O.E. Credible commitments: using hostages to support exchange. American Economic Review 73 4 (1983) 519-540
22. Williamson O.E. The Economic Institutions of Capitalism-Firms, Market, Relational Contracting (1985), Free Press, New York
23. Williamson O.E. The Mechanism of Governance (1996), Oxford University Press, Oxford