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Full-Text Articles in Law
Trade Usage And Disclaiming Consequential Damages: The Implications For Just-In-Time Purchasing, Robert B. Bennett
Trade Usage And Disclaiming Consequential Damages: The Implications For Just-In-Time Purchasing, Robert B. Bennett
Scholarship and Professional Work - Business
This article reports on trade, business, and industries in Japan in 2009. The article discusses industrial changes and growth in Japan, noting aspects of manufacturing such as marketing, purchasing, accounting, and human resources management. The article also describes the production management technique Just-In-Time (JIT) which emphasizes demand, limited production runs, quick setup, quality control, and reduced inventory and waste. Information is also provided on supply contracts, damages, lawsuits, and appeals.
The Meaning Of Property Rights: Law Versus Economics? , Daniel H. Cole, Peter Z. Grossman
The Meaning Of Property Rights: Law Versus Economics? , Daniel H. Cole, Peter Z. Grossman
Scholarship and Professional Work - Business
Property rights are fundamentals to economic analysis. There is, however, no consensus in the economic literature about what property rights are. Economists define them variously and inconsistently, sometimes in ways that deviate from the conventional understandings of legal scholars and judges. This article explores ways in which definitions of property rights in the economic literature diverge from conventional legal understandings, and how those divergences can create interdisciplinary confusion and bias economic analyses. Indeed, some economists' idiosyncratic definitions of property rights, if used to guide policy, could lead to suboptimal economic outcomes.