This chapter focuses on laboratory experimental examinations of a particular class of institutions, policies or mechanisms of monopoly control. These are mechanisms which take the existence of a monopoly as a given and ask how might the abuses of monopoly be controlled in a decentralized manner....

Experimental methods in economics respond to circumstances that are not completely dictated by accepted theory or outstanding problems. While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appear blurred and may produce...