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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…
Sonja Brangewitz, Jochen Manegold
On an intermediate goods market with asymmetric production technologies as well as vertical and horizontal product differentiation, we analyze the influence of simultaneous competition for resources and customers. The intermediaries face either price or quant…
Elvio Accinelli, Aramando García, Marisol Torres
In this paper we extend the well known result of existence of Walrasian equilibrium given in Debreu (1952) to economies modeled over topological vector spaces. Our work is closely related to the previous results of Yannelis-Pranhakar (1983), and Tan and Yuan…
Stefan Szymanski
Szymanski [1] and Szymanski and Késenne [2] showed that, in the standard model of a sports league, gate revenue sharing will tend to increase competitive imbalance between weak and strong teams, a seemingly perverse result. Dobson and Goddard [3] claim that “…
Vivekanand Jayakumar
US Congressional leaders have recently proposed legislation aimed at forcing the Federal Reserve to implement an instrument rule based monetary policy regime. The avowed rationale is to increase transparency and reduce uncertainty associated with monetary pol…
Kashif Saleem, Osama Al-Hares, Sheraz Ahmed
This paper investigates the extent of financial integration among a new group of six frontier markets called “CIVETS” by utilizing the multivariate GARCH framework of Engle and Kroner [1]. These countries are expected to show sustainable growth in productivit…
Hiroshi Gunji, Yuan Yuan
In this note, we prove that even if the technology of firms exhibits increasing returns to scale, the Panzar-Rosse statistic in a monopolistic competitive market is still available and has a negative value. Further, we show that the statistic would be greater…
Amitrajeet A. Batabyal, Seung Jick Yoo
In this note we study a simple game model of effort application by two individuals (1 and 2) who wish to have an arranged marriage. We first specify the net utility function of individual i as a function of this individual’s own effort and the effort applied…
Susheng Wang
This paper defines a well-behaved fuzzy order and finds a simple functional representation for the fuzzy preferences. It includes the existing utility theory for exact preferences (no fuzziness) as a special case. It is a simple and intuitive extension of the…
Munirul H. Nabin, Pasquale M. Sgro
This paper assumes a Ricardian Economy and analyzes migration of illegal unskilled workers in a model of Cournot Duopoly where firms are producing homogenous and non-traded goods, and hiring illegal immigrants. The focus is on the behaviours of firms and the…
Deoksoo Cha
This paper is an innovative scientific report about the following economic problems. It considers why the stock price cannot be predicted and the function of the invisible hand and the law of supply and demand. Incidentally, it is possible to solve these by o…
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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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