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Economics

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Contracts and control in Japanese distribution

Article Abstract:

The mechanics of a Japanese distribution system, keiretsu, is analyzed. Long-term relationships between firms can result into contractual integration to divide risks and responsibilities in order to remain competitive, as demonstrated by keiretsu. Keiretsu had been credited with the success and cohesiveness of the Japanese market. However, property rights have to be ascertained beforehand in entering quasi-integration to avoid future misunderstanding.

Evaluation, Keiretsu system, Industry, Industries, Corporate distributions

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Trust and formal contracts in interorganizational relationships - substitutes and complements

Article Abstract:

The coordination and controlling function of contracts, are examined to understand the correlation between contracts and trust. Findings show that a high level of trust results in the decline in the positive relation between contractual complexity and control. The function of trust and contracts as substitutes and complements are analyzed.

United States, Interpretation and construction, Usage, Contracts, Interorganizational relations, Report

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Are non-binding contracts really not worth the paper?

Article Abstract:

Methods of game theory, which are used to examine the significance of non-binding contracts, are presented.

United Kingdom, Forecasts, trends, outlooks, Methods, Forecasts and trends, Market trend/market analysis, Game theory, Illegal contracts

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