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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…
Maurice Doyon, Laure Saulais, Bernard Ruffieux, Denise Bweli
Economists and market researchers often need to accurately gauge consumers’ willingness-to-pay for private goods. The experimental literature has identified a problem of hypothetical bias when using stated preferences techniques, such as open-ended questions.…
S. Ali Shah Syed, Helène Syed Zwick, 1 1
We study the theoretical nexus between inflation and trade openness in the presence of a non-linear Phillips curve. Phillips curve explains the inverse relationship between unemployment and inflation; however, the open economy macroeconomic models usually pro…
Suat Akbulut, Murat Yılmaz
We model the competition between a proprietary firm and an open source rival, by incorporating the nature of the GPL, investment opportunities by the proprietary firm, user-developers who can invest in the open source development, and a ladder type technology…
Masayuki Otaki
Using Ramsey’s formulation of the probability theory, this study considers the plausibility of alternative monetary theories—Keynesian and monetarism, which is defined by the people’s confidence in such theories. It is naturally assumed that the more complica…
Alessandro Piergallini
This paper investigates the dynamic effects of fiscal and monetary feedback policy rules in a small open economy with flexible exchange rates and risk premia on external debt. It is shown that equilibrium uniqueness and stability occur under locally Ricardian…
Fernando Perera-Tallo
Why do governments that pursue seignorage set growth rates of money that exceeds the one that maximizes it? This paper presents a Keynesian model with a government that pursues seignorage but dislikes inflation. Dynamic inconsistency problems prevent the impl…
Torsten Teichert, Tobias Effertz, Marina Tsoi, Vladislav Shchekoldin
We present a combined and integrative market research approach to address common, but potentially neglected problems resulting from consumers’ perceptions towards food brands. Our findings provide improved response measures and guidance for market entry strat…
Satoru Kageyama
This paper provides a reformulation of Phillips’s multiplier-accelerator model with stabilization policy in terms of the Laplace transform. Applying the Laplace transform, the differential equations of the economy are transformed into the algebraic ones on a…
Avik Sinha, Siddhartha K. Rastogi
This study applies Theil’s second measure for looking into inequality in access to improved water source. This index allows inequalities to be broken up within and between groups. An analysis of 188 countries for the period 1990-2012 demonstrates three observ…
Lan Sun
The concept of fair value is a key element in the international accounting standards and its implementation poses serious concerns in terms of financial stability. There are a number of issues which are particularly important for financial stability that are…
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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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