The principle of promissory estoppel provides for equitable process even in the absence of an explicit one of these things.
A 1987 paper co-authored by Paul Milgrom shows that an optimal one of these constructs is linear if a risk-averse agent can control Brownian motion in an examination of their use in sharecropping. Lon Fuller argued that these things could not be defined by trans-social formal criteria and were based on justified reliance. Carlill v Carbolic Smoke Ball Co. determined that advertisements can initiate the (*) creation of one of these things. Studying these things earned Oliver Hart and Bengt Holmström the 2016 Nobel Prize in Economics. The principle of promissory estoppel provides for equitable process even in the absence of an explicit one of these things. These things are said to be the manifestation of a "meeting of minds." They usually need consideration, offer, and acceptance. For 10 points, name these binding agreements between decision-making agents.
A 1987 paper co-authored by Paul Milgrom shows that an optimal one of these constructs is linear if a risk-averse agent can control Brownian motion in an examination of their use in sharecropping.
contracts [or contract theory; prompt on mechanism or agreement; prompt on social contract]