Call for papersThe 2026 special issue on Climate & Health is open for submissions.Learn more
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…
Naoki Kojima
The present paper investigates the multi-dimensional mechanism design in which buyers have taste and budget as their private information. The paper shows an easy proof of a two-dimensional optimal direct mechanism by a one-dimensional indirect mechanism: A ca…
Johnny Elie Chamata
Industry convergence — the merger of previously unrelated industries — is a model that has had a strong influence on various industries and received substantial attention among practitioners over the past years. Despite this, industry convergence has received…
Terry Eyland
Studies that demonstrate that climate change is human induced are becoming more and more prevalent. Even though most world leaders are aware of this urgency and know that we must work at mitigating it quickly, little has been accomplished in terms of widespre…
Subashini Perera, Mahinda Siriwardana, Stuart Mounter
This paper reviews research on quantitative assessments of the economic impacts of Trade Facilitation (TF), based on Computable General Equilibrium (CGE) models, in the context of techniques adopted to estimate Trade Transaction Costs (TTCs). Insufficient TF…
Pankaj Gupta
In this paper, a review of theoretical literature of models providing rational of corporate hedging is done and also addresses the corporate finance issues such as financing and investment. As per definition, hedging is either an in surance contract or an act…
Dilip Kumar
The paper examines volatility transmission from crude oil market to agricul tural commodities like wheat, corn, cotton and soybeans. We find that the volatility transmission from crude oil to agricultural commodities exhibits sudden changes over a study perio…
Amitrajeet A. Batabyal, Hamid Beladi
In this note we analyze a game of marital infidelity. The husband can either be faithful to or cheat on his wife. The wife can either monitor or not monitor her husband. We first determine the best response correspondences of the two players. Second, we expla…
Takashi Suzuki
Markets with increasing returns resulting from the positive external effects of production (hereafter external increasing returns ) have been discussed from both positive and normative points of view. We present a complete general equilibrium model in which e…
Mahmoud Elamin
Structured finance products are opaque and their ratings are unverifiable. Therefore, a credit rating agency (CRA) cannot credibly fully reveal its information about the quality of a rated structured finance project. Can reputation discipline the CRA? I intro…
Alberto Benítez Sánchez
This paper studies, within a growth model, some effects of the inequality between the profit and growth rates on the reproduction of economic elites. To this end, it considers as functions of the capital/income ratio the relations between, on the one hand, th…
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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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