Technological change in contract enforcement can alter industry structure without altering trade customs.

Evidence

Although trade practices and customs have remained largely unaffected by the shift from a homogeneous-group-based contractual regime toward one that is based increasingly on information technology, the change could radically affect the economic structure of the industry. — Lisa Bernestein, Opting out of the Legal System, 209

Categorization

• XREF: connects to: Technology acceptance depends on whose interests it serves, not the technology itself. — Frantz Fanon, A Dying Colonialism, 21; Enforcement of legal judgments depends on the technology and liquidity of wealth transfer. — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 118; Digital contract weightlessness lets firms extract rights that paper terms could not impose — Shoshana Zuboff, The Age of Surveillance Capitalism, 152

Broader Connections

• Enforcement of legal judgments depends on the technology and liquidity of wealth transfer. #expands (0.85) — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 118
• Technology acceptance depends on whose interests it serves, not the technology itself. #complicates (0.75) — Frantz Fanon, A Dying Colonialism, 21