Take-or-Pay Contracts: Lessons from Brazil and Bolivia

Michael Giberson Yesterday’s post on the Gazprom take-or-pay contract dispute mentions a now classic article by Scott Masten and Keith Crocker, “Efficient adaptation in long-term contracts: Take-or-pay provisions for natural gas” (American Economic Review, 1985).  You may wonder if there is newer work on take-or-pay contracting potentially relevant to the case of Gazprom and its … More Take-or-Pay Contracts: Lessons from Brazil and Bolivia