Common Contracts

1 similar null contracts

A convention or (tacit) agreement betwixt us
January 20th, 2009
  • Filed
    January 20th, 2009

Abstract. The aim of this paper is to show that conventions are sources of tacit agreements. Such agreements are tacit in the sense that they are implicated by what the agents do (or forbear to do) though without that any communication between them be necessary. Conventions are sources of tacit agreements under two substantial assumptions: (1) that there is a salient interpretation, in some contexts, of every-one’s silence as confirmatory of the others’ expectations, and

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