IDEAS home Printed from https://ideas.repec.org/a/bpj/rlecon/v4y2008i1n23.html
   My bibliography  Save this article

The Market for Lawyers and Social Capital: Are Informal Rules a Substitute for Formal Ones?

Author

Listed:
  • Yamamura Eiji

    (Seinan Gakuin University)

Abstract

Japans prefecture-level panel data is used to examine how the demand for lawyers is affected by social capital after controlling for economic conditions. The main findings from a fixed effects model are: (1) The demand for lawyer is smaller when people live close and cohesively. (2) Conflicts generated by bankruptcies cause people to seek legal resolutions, thus relying on lawyers. Nevertheless, the elasticity of demand in Japan is small, reflecting a feature of Japan that the norm is to settle a matter informally.

Suggested Citation

  • Yamamura Eiji, 2008. "The Market for Lawyers and Social Capital: Are Informal Rules a Substitute for Formal Ones?," Review of Law & Economics, De Gruyter, vol. 4(1), pages 499-517, December.
  • Handle: RePEc:bpj:rlecon:v:4:y:2008:i:1:n:23
    as

    Download full text from publisher

    File URL: https://www.degruyter.com/view/j/rle.2008.4.1/rle.2008.4.1.1295/rle.2008.4.1.1295.xml?format=INT
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Robert M. Sauer, 1998. "Job Mobility and the Market for Lawyers," Journal of Political Economy, University of Chicago Press, vol. 106(1), pages 147-171, February.
    2. Okazaki, Tetsuji, 2005. "The role of the merchant coalition in pre-modern Japanese economic development: an historical institutional analysis," Explorations in Economic History, Elsevier, vol. 42(2), pages 184-201, April.
    3. Patricia Funk, 2005. "Governmental Action, Social Norms, and Criminal Behavior," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(3), pages 522-522, September.
    4. Steven Shavell & A. Mitchell Polinsky, 2000. "The Economic Theory of Public Enforcement of Law," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 45-76, March.
    5. Tom Ginsburg & Glenn Hoetker, 2006. "The Unreluctant Litigant? An Empirical Analysis of Japan’s Turn to Litigation," The Journal of Legal Studies, University of Chicago Press, vol. 35(1), pages 31-59, January.
    6. Nakazato, Minoru & Ramseyer, J. Mark & Rasmusen, Eric, 2006. "The Industrial Organization of the Japanese Bar: Levels and Determinants of Attorney Income," MPRA Paper 1444, University Library of Munich, Germany.
    7. Ramseyer, J Mark & Nakazato, Minoru, 1989. "The Rational Litigant: Settlement Amounts and Verdict Rates in Japan," The Journal of Legal Studies, University of Chicago Press, vol. 18(2), pages 263-290, June.
    8. Greif, Avner, 1993. "Contract Enforceability and Economic Institutions in Early Trade: the Maghribi Traders' Coalition," American Economic Review, American Economic Association, vol. 83(3), pages 525-548, June.
    9. Milhaupt, Curtis J. & West, Mark D., 2004. "Economic Organizations and Corporate Governance in Japan: The Impact of Formal and Informal Rules," OUP Catalogue, Oxford University Press, number 9780199272112.
    10. T. Kinoshita, 2000. "The nature and consequences of lawyers'market regulation in Japan," Contemporary Economic Policy, Western Economic Association International, vol. 18(2), pages 181-193, April.
    11. Yujiro Hayami, 1998. "Norms and Rationality in the Evolution of Economic Systems: A View from Asian Villages," The Japanese Economic Review, Japanese Economic Association, vol. 49(1), pages 36-53, March.
    12. Yamamura, Eiji, 2005. "Social Capital, Human Capital, and the Dynamics of Learning―The Case of the Development and the Transformation Garment Industry in Bingo Region―," Economic Review, Hitotsubashi University, vol. 56(2), pages 111-122, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eiji Yamamura, 2011. "How Do Neighbors Influence Investment in Social Capital? Homeownership and Length of Residence," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(4), pages 451-464, November.
    2. Yamamura, Eiji, 2013. "Trial experience, satisfaction and incentive to bring another lawsuit: Does aspiration level influence winners and losers?," Japan and the World Economy, Elsevier, vol. 28(C), pages 125-131.
    3. Eiji Yamamura, 2011. "Homeownership and investment for social capital in Japan: Dynamic Panel approach," Economics Bulletin, AccessEcon, vol. 31(3), pages 2250-2259.
    4. Yamamura, Eiji, 2011. "The effects of the social norm on cigarette consumption: Evidence from Japan using panel data," Japan and the World Economy, Elsevier, vol. 23(1), pages 6-12, January.
    5. Yamamura, Eiji, 2013. "Effects of sex preference and social pressure on fertility in changing Japanese families," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 46(C), pages 97-104.
    6. Yamamura, Eiji, 2011. "Different effects of social capital on health status among residents: Evidence from modern Japan," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(5), pages 475-479.
    7. Yamamura, Eiji, 2009. "What Discourages Participation in the Lay Judge System (Saiban’in Seido) of Japan? Interaction between the Secrecy Requirement and Social Networks," MPRA Paper 17197, University Library of Munich, Germany.
    8. Yamamura, Eiji, 2009. "What discourages participation in the lay judge system (Saiban'in seido) of Japan? : an interaction effect between the secrecy requirement and social network," MPRA Paper 15920, University Library of Munich, Germany.
    9. Yamamura, Eiji, 2009. "Differences of the effects of social capital on health status among residents: evidence from modern Japan," MPRA Paper 14983, University Library of Munich, Germany.
    10. Eiji Yamamura, 2011. "Brand and Performance in a New Environment: Analysis of the Law School Market in Japan," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 39(2), pages 155-164, June.
    11. Amanda Carmignani & Silvia Giacomelli, 2010. "Too many lawyers? Litigation in Italian civil courts," Temi di discussione (Economic working papers) 745, Bank of Italy, Economic Research and International Relations Area.
    12. Yamamura, Eiji, 2009. "Dynamics of social trust and human capital in the learning process: The case of the Japan garment cluster in the period 1968-2005," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 377-389, October.
    13. Yamamura, Eiji, 2010. "The effect of learning varies according to locality: Micro data analysis of the lawyer market in Japan," Japan and the World Economy, Elsevier, vol. 22(3), pages 193-197, August.
    14. Yamamura, Eiji, 2011. "Comparison of the effects of homeownership by individuals and their neighbors on social capital formation: Evidence from Japanese General Social Surveys," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(5), pages 637-644.
    15. repec:kap:iaecre:v:17:y:2011:i:4:p:451-464 is not listed on IDEAS
    16. Eiji YAMAMURA, 2011. "pOSITIVE EXTERNALITIES OF CONGESTION ON HEALTH: A CASE STUDY OF CHRONIC ILLNESS IN JAPAN FOR THE PERIOD 1988– 2009," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 6(3), pages 15-34, August.
    17. Yamamura, Eiji, 2008. "The role of social capital in homogeneous society: Review of recent researches in Japan," MPRA Paper 11385, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:rlecon:v:4:y:2008:i:1:n:23. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla). General contact details of provider: https://www.degruyter.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.