This article shows how uninformed but rational voters can respond intelligently to political advertising. The article models a situation where a candidate must rely on a pressure group for financing political advertising and making endorsements. The pressure group uses its power over the purse...

Evolutionary game theory informs the design and analysis of twenty-six experimental sessions using normal form games with six to twenty-four players. The state typically converges to the subset of Nash equilibria called evolutionary equilibria, especially under conditions of mean matching and...

The authors report successive rounds of theory and laboratory experiments investigating price-taking behavior and market efficiency. They focus on the impact of structural parameters as well as trading institution. The structural parameters involve noncompetitive supply and demand, and a new...