This paper analyses the unit cost effects of mergers and acquisitions (M&As) using linear, quadratic, and translog cost functions. In addition to a basic unit cost model we specify separate models for distress, profit, relative size, and cost difference, among the merging firms. We use a sample...

We provide a full behavioral characterization of the standard Shannon model of rational inattention. The key axiom is "Invariance under Compression", which identifies this model as capturing an ideal form of attention-constrained choice. We introduce tractable generalizations that allow for many...

As part of a “Regional Initiative on Water Scarcity in the NENA Region”, the U.N. Food and Agriculture Organization (FAO) has been proposing a practical tool for the assessment of investment projects, called the Food Supply Cost Curve (FSCC). This chapter illustrates the concept of the Food...