In 1979, the "Ley de Aviaciýn Comercial" (Commercial Aviation Act) was passed in Chile. Its main goal was to improve the air transport by means of "Open Sky Policies", competence (freedom of prices) and a progressive lesser intervention of the official authority. Since then an international air...

We propose a model of strong reciprocity and trust that combines elements of personality psychology and behavioral economics. In the model, positive reciprocity and negative reciprocity are components of individual utility functions, while trust is an individual bias that distorts the beliefs...