In this paper, the authors consider the solution of the discrete syste
ms that arises when a mixed finite element approach is used to approxi
mate the solution of second-order elliptic boundary value problems. By
the introduction of a penalty parameter, these equations can be appro
ximated by the solution of a symmetric and positive definite penalty s
ystem on the velocity subspace. Iterative procedures are developed and
analyzed for this penalty system based on the hierarchical basis appr
oach as well as on the standard multigrid approach. Finally, numerical
experiments are presented that illustrate the convergence behavior su
ggested by the theory.