We theoretically and experimentally study voter behavior in a setting characterized by plurality rule and mandatory voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment where Condorcet cycles may occur. In particular, we focus...

This paper provides experimental evidence showing that indirect reciprocity may important in economic decision making and in the development of group norms. We study a `repeated helping game' with random pairing in large groups, with individuals equally divided between donors and recipients....

In the process of regulatory reform in the electric power industry, the mitigation of market power is one of the basic problems regulators have to deal with. We use experimental data to study the sources of market power with supply function competition, akin to the competition in wholesale...