Legal Rules and Social Norms in Japan's Secret World of Sumo
AbstractMembers of the Japan Sumo Association, the organization that governs professional sumo wrestling, have developed a complex web of formal legal rules and informal social norms outside of the usual confines of the law to structure and define thier relationships. The core of this organizational structure is the rules and norms that govern the ownership and transfer of 105 shares of so-called elder stock. The elder-share-based organizational structure maximizes group welfare in two ways. First, the constitutive rules and norms that make up the elder share regime tend to maximize the aggregate welfare of the group. Second, within the elder share regime, the Sumo Association's choice of whether to apply rules or to defect to norms is based on a calculation of comparative efficiency. Copyright 1997 by the University of Chicago.
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Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Legal Studies.
Volume (Year): 26 (1997)
Issue (Month): 1 (January)
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Web page: http://www.journals.uchicago.edu/JLS/
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- Helmut Dietl & Markus Lang & Stephan Werner, 2008.
"Corruption in Professional Sumo: An Update on the Study of Duggan and Levitt,"
0085, University of Zurich, Institute for Strategy and Business Economics (ISU), revised Jun 2009.
- Helmut M. Dietl & Markus Lang & Stephan Werner, 2010. "Corruption in Professional Sumo: An Update on the Study of Duggan and Levitt," Journal of Sports Economics, , vol. 11(4), pages 383-396, August.
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