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7 - Conclusions

Published online by Cambridge University Press:  10 August 2023

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

Japanese Buddhist temples had traditionally relied on the high levels of social capital within the local village to enforce the giving they needed to stay solvent. When men and women began to leave the villages for the anomic cities, the temples found themselves without the necessary funds. In response, they turned from what had been an effective village retainer contract to an individual fee-for-service model of finance. Unfortunately for the temples, they market their priceable services (primarily ceremonies connected to deaths) within competitive markets. Unable to sell above marginal cost, they have been unable to cross-subsidize their other – less priceable – services.

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. 187 - 190
Publisher: Cambridge University Press
Print publication year: 2023

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  • Conclusions
  • J. Mark Ramseyer, Harvard Law School, Massachusetts
  • Book: Contracting in Japan
  • Online publication: 10 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781009215763.007
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  • Conclusions
  • J. Mark Ramseyer, Harvard Law School, Massachusetts
  • Book: Contracting in Japan
  • Online publication: 10 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781009215763.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusions
  • J. Mark Ramseyer, Harvard Law School, Massachusetts
  • Book: Contracting in Japan
  • Online publication: 10 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781009215763.007
Available formats
×