In this paper we present a solution to the problem of pricing guarantees of minimum returns on pension fund … contributions. These guarantees exist by law in Colombia and cover all pension fund contributions made to the country's private … affiliates with an accumulated capital of 1.8 billion dollars starting from zero in 1994. Two types of guarantees exist: on …

lack structural information, which contrasts with common notions of fairness or "manners" in ultimatum bargaining (Camerer …

The results of Ultimatum Game experiments are often quoted as evidence for the role of fairness in bargaining or in … economic behaviour more generally. This paper argues that the observed fairness levels are contingent on the traditional … opponent repeatedly. This finding is not expected by the traditional fairness hypothesis. A detailed analysis of the dynamics …

' concern for fairness, and the tradeoff the disadvantaged player makes between pursuing a fair outcome from a disadvantaged … weak players persist in seeking "fairness" is also a function of how much it (potentially) costs them to do so. Students …-cost bargainers to demand fairness and to persist in their demands was a function of how much it cost them to do so, and the degree to …