Contracting in Japan
The Bargains People Make When Information is Costly, Commitment is Hard, Friendships are Unstable, and Suing is Not Worth It
$90.00 (F)
Part of Cambridge Studies in Economics, Choice, and Society
- Author: J. Mark Ramseyer, Harvard Law School, Massachusetts
- Date Published: July 2023
- availability: Available
- format: Hardback
- isbn: 9781009215725
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Economic arrangements, Ramseyer writes, are structured and implemented with the intent and hope that they will be carried out with 'care, intelligence, discretion, and effort.' Yet entrepreneurs work with partial information about the products, and people, they are dealing with. Contracting in Japan illustrates this by examining five sets of negotiations and unusual contractual arrangements among non-specialist businessmen, and women, in Japan. In it, Ramseyer explores how sake brewers were able to obtain and market the necessary, but difficult-to-grow, sake rice that captured the local terroir; how Buddhist temples tried to compensate for rapidly falling donations by negotiating unusual funerary contracts; and how pre-war local elites used leasing instead of loans to fund local agriculture. Ramseyer examines these entrepreneurs, discovering how they structured contracts, made credible commitments, obtained valuable information, and protected themselves from adverse consequences to create, maintain, strengthen, and leverage the social networks in which they operated.
Read more- Introduces modern economic theory of contracts through inherently interesting examples, making the theory accessible to scholars not trained in economics
- Shows how simple contracts facilitate complex contractual needs
- Discuss how contracting parties deliberately structure their contract to build a dense social network around their relationship, a topic rarely explored
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‘Highly recommended.’ R. Dupont, Choice
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×Product details
- Date Published: July 2023
- format: Hardback
- isbn: 9781009215725
- length: 225 pages
- dimensions: 235 x 158 x 19 mm
- weight: 0.49kg
- contains: 2 b/w illus. 21 tables
- availability: Available
Table of Contents
Acknowledgements
1. Introduction
2. Contracting for terroir in sake
3. Contracting for quality in fish
4. Contracting for geothermal in hot springs
5. Contracting for credit in agriculture
6. Contracting for mercy in Buddhism
7. Conclusions
Bibliography.
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