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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m…
Chengyue Li, Takehiro Inohara, Masahito Kitamura
We revisit a college admission market and a related preference revelation game under the student-optimal deferred acceptance algorithm (SODA). Previous research has demonstrated the existence of a strictly strong Nash equilibrium (SSN) based on either an iter…
Brahmaiah Bezawada, Ravi Kumar Tati
Dividend policy relevance has been researched extensively, but little consensus has been built from the findings. There are many factors that affect a given firm’s dividend policy which can be found in the literature such as risk faced by the firm, cash flow…
Tannista Banerjee, Paula Bobrowski, Barry Friedman
Positive healthcare outcomes are paramount for national competiveness, as a nation’s population is among its most valuable assets. This study examines the relationship between national political stability and control of corruption, female educational achievem…
Michael D’Rosario
Auctions are a ubiquitous process, with auctioneers playing a critical role in serving as a bridge between buyers and sellers, and as such assisting in the process of price discovery. Given this critical role, the regulation of auctions and auctioneers is of…
Marina Markheim
This paper analyzes contract efficiency with regard to correlated project realization and the size of the borrowers in group lending. Firstly, I show that under the standard assumption of independent project payoffs, the expected group cost of default decreas…
Tin-Chun Lin
The theory of consumer choice is applied to model consumer intention to revisit the same restaurant. Findings show that server’s service quality, taste of the food, the restaurant’s environment, consumer satisfaction with the price of the meal, consumer’s tot…
Joseph Atta-Mensah
This paper provides the theoretical underpinnings of growth models to explain structural economic transformation in Africa. The paper suggest s that endogenous growth model is the key for understanding long-run growth of economies through the accumulation of…
Rama Seth, Bobbur Abhilash Chowdary
Behavioural finance has received a major impetus over the last two decades. In this paper, we discuss the foundations which have helped in this paradigm shift from traditional Efficient Market Hypothesis (EMH) to the more experimental branch of finance, namel…
Balbir S. Sihag
There is a separation between owners and managers in a corporation. Managers, being utility maximizer, are likely to shirk and enjoy expensive perks. In the literature, these are termed as agency costs, conflicts of interest or moral hazard problem. Current a…
Xiangsheng Dou
Western China is not only an important ecological conservation area, but also has rich natural resources and environmental conditions. Therefore, the western China must vigorously develop green low carbon economy to realize the win-win of natural ecological e…
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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m… All articles are open access under a CC BY 4.0 licence, with authors retaining copyright.
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