Answer to Question 1
There is a greater demand for land in Japan relative to supply than in the United States.
Answer to Question 2
Uncertainty affects the choice among markets, contracts, and integration because the ability to control and shift risk will vary with that choice. At least three dimensions of uncertainty can matter. First is its importancethe choice will vary with the probability of a loss and its expected size. Second are the possibilities for reducing (mitigating) a possible loss, for example, by purchasing insurance or constructing a backup plan with an alternative partner. Third is the dimensionality of the risk. It is relatively easy to write a service contract with liquidated damages for a leased machine that can fail in only one way. If a machine can fail in many ways (and both you and I can take actions that affect the probability of failure), a contract to allocate the repair costs between us may be so costly to write and enforce that vertical integration that puts all responsibility on the owner may be superior.
Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e
Major Wind Systems: Sea and Land Breezes
Example of an approximately 37,500 probespotted oligo microarray.
The Tsunami Threat in Japan
Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Generalized life cycle for land plants