Marginal valuation of water is complicated because water authorities in most countries do not equate prices across users. Standard analyses imply that unequal valuation of water by users is inefficient and that economic efficiency can be improved by equating prices after accounting for...

This article shows how horizontal industry integration can arise from transferable asymmetry of technologies and endowments. The Nash bargaining solution suggests that greater technological diversity among coordinating parties yields greater gains from horizontal integration. The framework fits...

Trans-boundary water resources are often a cause of conflict among riparian entities. Increasing demand for water resources and deterioration of existing water sources underscore the need to resolve conflicts over the allocation of consumption and pollution rights among conflicting uses and...

Bruce L. Gardner was a giant in the agricultural economics profession. He was a brilliant academician, and had a major influence on U.S. farm policy over several decades and a number of presidential administrations. This special issue contains eight papers in his memory. One paper deals with the...

The importance of risk preferences in agricultural production has long been identified as an important and preeminent issue of policy relevance. Recent developments in the study of production risk have called into question much of the core of risk production research. This article provides an...