Private Commercial Law in the Cotton Industry: Creating Cooperation Through Rules, Norms, and Institutions

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Institutions and Economic Growth in Historical Perspective (2014, background): “…have attained the status of stylized facts within the economics profession more widely, and are repeatedly cited (Aoki,2001;Bardhan,1996;Ba,2001;Bernstein,2001;Clay,1997;Dasgupta,2000;Dixit, 2004,2009;Faille, 2007;McMillan andWoodruff, 2000;Miguel et al. 2005;Helpman, 2004;O’Driscoll and…”
Social Distance and Self‐Enforcing Exchange (2008, background): “Landa (1981, 1994), Carr and Landa (1983), Friedman (1979), Bernstein (1992, 1996, 2001), Ellickson (1991), Greif (1989, 1993, 2002), Clay (1997), Zerbe and Anderson (2001), and others provide evidence illustrating this claim.1 Almost no work, however, has examined self-enforcing exchange among…”
The Law and Economics of Costly Contracting (2001, background): “There is some evidence that parties who use arbitration routinely give interpretive instructions [see Bernstein (1996, 2001)].”
The Economics of Governance (2005, neutral): “…creation of contract enforcement mechanisms within closed membership groups – of which the creation of arbitration tribunals in the cotton industry (Bernstein, 2001) is one example and " ethnically homogeneous merchants associated with trading networks governed by private law, " as in New York's…”