We try to better understand the comparative advantages of structural and behavioral measures of deregulation in electricity markets, an eminent policy issue for which the experimental evidence is scant and problematic. In the present paper we investigate theoretically and experimentally the...

The prisoner's dilemma (PD) is played by two players in each of two groups. The two groups compete for an external prize whose allocation is determined by the degree of within-group coordination. The experimental evidence supports the predictions of multilevel game theory well.

The author presents a brief classroom demonstration illustrating Bertrand price undercutting. The demonstration is appropriate for micro principles and intermediate- and upper-level undergraduate classes, as well as graduate classes in micro, industrial organization, and game theory.