"This book applies cutting-edge economic analysis and social science to unpack the rich complexities and paradoxes of the Fourth Industrial Revolution. The book takes the reader on a bold, refreshing, and informative tour through its technological drivers, its profound impact on human...

We model a supply chain with a single risk-averse manufacturer who purchases from vendors and sells to consumers. We find that blockchain adoption always enhances manufacturer welfare in this setting when adoption costs are zero; as a consequence, the manufacturer always adopts blockchain for...