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...

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...

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...

Preface and Acknowledgements1 An Overview2 Robots and their Economic Significance3 The impact of Robotization on Production Processes and its Rudimentary Economic Implications 4 Machine Learning and the Economy5 Robotization, the Economy and the Labour Market: A Look at Theoretical and Empirical...