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2 - Contracting for Terroir in Sake

Published online by Cambridge University Press:  10 August 2023

J. Mark Ramseyer
J. Mark Ramseyer
Affiliation:
Harvard Law School, Massachusetts
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Summary

In most modern, wealthy societies, businessmen and women exploit the advantages that the formal legal process can afford. When transacting across the market, they draft contracts that detail contingencies and specify terms that courts will enforce. When cross-market transactions grow too expensive, they integrate vertically. Using the formal legal process, they combine the contracting parties into one unit.

Keywords

contractslaw & economicseconomic historysocial capitalLisa BernsteinAvner GreifJanet LandaRobert Ellicksonsocial norms
Type
Chapter
Information
Contracting in Japan
The Bargains People Make When Information is Costly, Commitment is Hard, Friendships are Unstable, and Suing is Not Worth It
 , pp. 25 - 62
Publisher: Cambridge University Press
Print publication year: 2023

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