This classroom experiment allows students to explore pricing strategies available to the monopolist. Students are given full information about their costs but know nothing about demand except that it is simulated by the instructor. They submit their price-asked and quantity-offered records on...

This experiment demonstrates principles of decision-making in dynamic oligopolies, especially the difficulties in forming and maintaining cartels. As an illustration of firm behavior under imperfect competition, the game distinguishes between procedurally rational choices and substantively...

This simple classroom experiment demonstrates many of the behavioral phenomena associated with the voluntary provision of a public good. The mechanics of the game are explained in detail and complete instructions are provided, as well as suggestions for follow-up lectures. Influences such as...