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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…
Balbir S. Sihag
In the wake of the recent Great recession of 2008-9, prudential supervision and “too-big-to-fail” have become the focal topics of discussion and policy. Western countries have added prudential supervision to complement the traditional regulatory approach to p…
Bismark R. D. K. Agbelie, Yang Chen, Nimesh Salike
The present paper examines the heterogeneous economic impacts of transportation characteristics, with a consideration of spatial heterogeneity, across Chinese prefecture-level cities. Using data from 237 Chinese cities from 2000 to 2012, a random-parameters m…
Wenchun Wang, Yang Wang, Jiaojiao Wang
This paper extends benchmark OR model with consumption tax reform, based on “New open economy macroeconomics” framework, and analyzes res ponses of consumption tax reduction to output, consumption, exchange rate. Our analytical results show that a unilateral…
Sang Baum Kang
According to the empirical finance literature, S&P 500 Index call options frequently violate the stochastic dominance upper bounds. In other words, index call options in the US are frequently overpriced. I propose a theoretical model to explain the reason for…
Michael D’Rosario
Determining the quantum of damages that should be afforded to an applicant when patent infringement has occurred is problematic for a number of reasons. Incorporeal works are difficult to value, and consequently certain categories of intellectual property pre…
Jean-Paul Chavas, Taylor Hall
This paper explores the aggregate gains from trade with a focus on the role of non-convexity. After reviewing the example presented by Ricardo, we develop a general equilibrium model of trade under non-convex technologies and heterogeneous firms. The model is…
Cuizhen Niu, Shaoxin Hong, Xuejun Jiang
In this paper, we develop statistical inference for an important health inequality index proposed by Lv, Wang and Xu [1] for ordinal data. Asymptotic distributions of the indices are established. This allows us to make inference for the indices. Generalizatio…
Amitrajeet A. Batabyal
In this note we use a static game model to analyze the optimal cleanup of an apartment that is shared by two college students. Both students dislike cleaning. However, they also prefer a clean apartment to a dirty one. Student i ’s utility function embodies t…
Kazumi Hori
This note characterizes the optimal contract when a principal has unverifiable subjective information that is correlated with an agent’s private information. We find that the principal’s subjective information cannot alleviate the information asymmetry and, m…
Koffi Yovo
This paper assesses firstly the impact of the level and the composition of pub lic expenditures on growth and secondly the link between public investment and private investment in Togo. For this purpose, a neoclassical growth model and a private investment mo…
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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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