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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…
Christos Floros, Efthalia Tabouratzi, Dimitris Charamis, Stella Zounta
We consider recent data from three major US indices (S & P500, NASDAQ 100, and DJIA) to examine the effect of joiners and leavers on stock market returns and volatility. We report (a) a positive effect of leavers on stock market returns (S & P500, DJIA), (b)…
David Scrogin
This paper exploits the links between a private value distribution’s hazard rate, mean residual value, and eta functions in order to characterize posted-price rules for a public agency to allocate scarce units of an indivisible good under the utilitarian dist…
Yunyun Lv
The main distinction between this paper and traditional approach is the assumption that variables affect the economy through different horizons. Under this alternative hypothesis, a variable considered as an unimportant detail from a short-horizon perspective…
Tamali Chakraborty, Haripriya Gundimeda, Vinish Kathuria
The introduction of Special Economic Zones (SEZs) in India has injected hope for augmented economic growth in recent future. The motive behind establishment of SEZs was mainly to fuel rapid economic growth, provide world class infrastructure and employment, p…
Badamassi Aboubacar, Deyi Xu
This paper examined the nexus between health care expenditure and economic growth in Sub-Saharan Africa over the period 1995-2014. We use the system General Method of Moments (GMM) technique to estimate the results. The findings reveal the existence of a posi…
Debora Di Gioacchino, Fabrizio Patriarca
This paper studies the effect of income inequality on tax evasion. To discuss the topic, we present a simple model, based on Benabouand Tirole [1], that incorporates incentives for tax compliance such as punishment and fines, intrinsic motivation and social n…
Michael K. Wohlgenant
The implications of the intertemporal state adjustment model (ISAM) are evaluated. The ISAM accounts for the effect of current purchases on future utility through a state variable that can either reflect habit formation or inventory holding. The model is show…
Hailong Jin, Tong Wang
Modeling the regime of long run exchange rate and capital account intervention, or dynamic currency intervention (DCI), widely adopted by emerging economies, is of great importance to international economists. This paper develops a new dynamic general equilib…
Vijay Singh Shekhawat, Vinish Kathuria
International Clearing Unions (ICU) are expected to save international reserves for their members. This study derives a benchmark for reserves saving (RSE) that includes all net reserve savings net of costs for inter-temporal credit that accrue from the clear…
William Barnos Warsanga, Edward Anthony Evans, Zhifeng Gao, Pilar Useche
We analyze the efficiency of wheat farmers toward the ever-increasing demand for wheat in Tanzania. Translog production and cost functions were utilized in the stochastic frontier analysis to examine technical, allocative, and economic efficiencies (TE, AE, a…
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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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