We use experiments to study coordination in games with incomplete information. In the games, one player knows the payoffs, while the other player knows the probability of payoffs forming a prisoner's dilemma or a stag-hunt. When payoffs form a stag-hunt there are two Pareto ranked pure strategy...

Residential retail competition in electricity supply was introduced in many countries and some US states as part of electricity industry deregulation. Following problems in the electricity market in California in 2000/2001 many US states, including North Carolina, suspended their deregulation...

This paper identifies key sources of policy uncertainty which can adversely affect investment in the electric power industry, covering both generation and network assets. We focus on asymmetric, systematic, non-diversifiable risk with spin-offs. In generation, a key uncertainty is the inability...

Voting rules over three or more alternatives suffer from a general problem of manipulability. However, if the rule is 'difficult' to manipulate, in some formal computational sense that is intrinsic to the rule or some cognitive sense specific to the set of voters, then one might not observe...