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
Take-or-Pay Contracts: Lessons from Brazil…
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