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Dispute Prevention without Courts in Vietnam

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Author Info
McMillan, John
Woodruff, Christopher

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Abstract

Vietnam's firms contract without the shadow of the law and only partly in the shadow of the future. Although contracting rests in part on the threat of loss of future business, firms often are willing to renegotiate following a breach, so the retaliation is not as forceful as in the standard repeated-game story and not as effective a sanction. To ensure agreements are kept, firms rely on other devices to supplement repeated-game incentives. Firms scrutinize their trading partners. Community sanctions are occasionally invoked. Transactions with greater risk of reneging are supported by more elaborate governance structures. Copyright 1999 by Oxford University Press.

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Publisher Info
Article provided by Oxford University Press in its journal Journal of Law, Economics and Organization.

Volume (Year): 15 (1999)
Issue (Month): 3 (October)
Pages: 637-58
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:oup:jleorg:v:15:y:1999:i:3:p:637-58

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  1. Berglof, Erik & Claessens, Stijn, 2004. "Enforcement and Corporate Governance," Policy Research Working Paper Series 3409, The World Bank. [Downloadable!]
  2. Santiago Sanchez-Pages & Stephane Straub, 2006. "The Emergence of Institutions," ESE Discussion Papers 148, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]
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  3. John Rand, 2004. "Credit Constraints and Determinants of the Cost of Capital in Vietnamese Manufacturing," Discussion Papers 05-01, University of Copenhagen. Department of Economics. [Downloadable!]
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  4. Maze, Armelle, 2006. "Multilateral reputation mechanisms and contract law in agriculture : complement or substitutes," 2006 Annual meeting, July 23-26, Long Beach, CA 21285, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  5. Nhat Le, 2004. "Contingent delegation and ambiguous property rights: The case of China's Reform," Annales d'Economie et de Statistique, ADRES, issue 75-76, pages 19, Juillet-D. [Downloadable!]
  6. Nhat Le, 2003. "Contingent and ambiguous property rights: The Case of China's Reform," International and Development Economics Working Papers idec03-4, International and Development Economics. [Downloadable!]
  7. Jed Friedman, 2004. "Firm Ownership and Internal Labor Practices in a Transition Economy: An Exploration of Worker Skill Acquisition in Vietnam," William Davidson Institute Working Papers Series 2004-696, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  8. Oliver E. Williamson, 2005. "The Economics of Governance," American Economic Review, American Economic Association, vol. 95(2), pages 1-18, May. [Downloadable!]
  9. Armelle Mazé, 2005. "Contract Law and the self-enforcing range of contracts in agriculture," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00354960_v1, HAL. [Downloadable!]
  10. repec:bep:thecon:v:1:y:2001:i:contributions/1/1:p:1030-1030 is not listed on IDEAS
  11. Marcel Fafchamps, 2003. "Spontaneous Market Emergence," Economics Series Working Papers 138, University of Oxford, Department of Economics. [Downloadable!]
  12. Beckmann, Volker & Boger, Silke, 2003. "Courts And Contract Enforcement In Agricultural Transition - Theory And Evidence From Poland," 2003 Annual meeting, July 27-30, Montreal, Canada 22213, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  13. Thi Bich Tran & Tom Kompas & Quentin Grafton, 2008. "Institutions matter: the case of Vietnam," International and Development Economics Working Papers idec08-01, International and Development Economics. [Downloadable!]
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  14. repec:bep:buspol:2:2000:3:261-288 is not listed on IDEAS
  15. repec:bep:thetop:v:2:y:2002:i:1:p:1045-1045 is not listed on IDEAS
  16. Minten, Bart & Reardon, Thomas & Vandeplas, Anneleen, 2009. "Linking urban consumers and rural farmers in India: A comparison of traditional and modern food supply chains," IFPRI discussion papers 883, International Food Policy Research Institute (IFPRI). [Downloadable!]
  17. Susan Rose-Ackerman, . "Trust, Honesty, and Corruption: Reflection on the State-Building Process," Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy Working Paper Series yale_lepp-1013, Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy. [Downloadable!]
  18. John McMillan & Christopher Woodruff, 2002. "The Central Role of Entrepreneurs in Transition Economies," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 153-170, Summer. [Downloadable!] (restricted)
  19. repec:bep:thetop:v:7:y:2007:i:1:p:1353-1353 is not listed on IDEAS
  20. Kurt Annen, 2005. "Economic Returns to Social Capital in the Urban Informal Sector in Developing Countries: Micro Evidence from Small Textile Producers in Bolivia," Development and Comp Systems 0511011, EconWPA. [Downloadable!]
  21. Nhat Le, 2003. "Contingent Delegation and Ambiguous Property Rights: The Case of China’s Reform," Governance Working Papers 589, East Asian Bureau of Economic Research. [Downloadable!]
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