I'm with the majority. I posted a question like this about a year ago now and never got a clear answer IIRC. The Sage didn't deign to answer when I asked him about it.
I don't believe multiple Light or Darkness spells of the same level "stack" so having multiple overlapping castings is only useful in those situations described above: duration and vs Dispel Magic (probably some others I haven't thought about).
All Light & Darkness spells can be cast, according to their descriptions, in one of three ways: for effect, to dispel and to counter.
Because all of these spells are Touch range, IMO it is very impractical to use them to Dispel as you would need to touch the exact same object that is the source/center of the opposite effect you are trying to Dispel.
I'm not sure if that's the same with Countering or not. Both Haste and Slow have ranges, IIRC, and therefore this issue doesn't arise. With Touch spells do you have to be standing right next to (ie. within Touch range) the opposing casting spellcaster to counter their spell? Silly if that's the case.
When cast for effect they have no ability to Counter or to Dispel but do have the ability to negate all effects of lesser level and temporarily negate any effects of equal level, at least in the areas of overlap.
So, with all that, if I've got this correct (which I probably don't, so please point out any errors in my thinking) what would happen in the following scenario?
Rnd 0: Cleric is in a dark underground cavern
Rnd 1: Cleric casts Light, cavern lights up and Yuan-ti is seen
Rnd 2: Yuan-ti casts Deeper Darkness which overpowers the Light orison and cavern becomes dark again
Rnd 3: Cleric casts Daylight temporarily negating the Deeper Darkness leaving "otherwise prevailing light conditions exist in the overlapping areas of effect".
Now, my question is "Does the Light orison count as an otherwise prevailing light condition so the cavern is lit up? or is the Light orison still overpowered by the Deeper Darkness spell and therefore the cavern is dark?"
Any help would be greatly appreciated!
DrSpunj