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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…
Tin-Chun Lin
The theory of consumer choice was applied to model the relationship between restaurant tipping and consumer behavior. Using this model, we showed how consumer behavior responds to restaurant tipping and how tipping affects consumer-utility among different typ…
Björn A. Kuchinke, Jürgen Zerth
In the international health care literature the impacts of competition in health care markets are discussed widely. But aspects of standardization in regional health care markets with no price competition received comparatively little attention. We use a typi…
Andrea Mantovi
Chambers et al . (2014) set forth a decomposition of the Lerner index, which results in a function on the full space o f input and output prices and quantities, such that the effect of the Farrell output measure of technical efficiency is explicit. In close c…
Aviral Kumar Tiwari, Süleyman Bolat, Özgür Koçbulut
The purpose of this paper is to test the relationship between budget deficits and inflation for nine EU countries during the period of 1990-2013 using the quarterly data. Recently, the public deficits and inflation have had an increasing importance for develo…
Mauricio Mosquera, Edward A. Evans, Randy Ploetz
Laurel wilt (LW) is a lethal disease of trees in the Lauraceae plant family, including the economic significant commercial crop avocado, Persea americana . To date, an estimated one-half billion native trees have been destroyed by the disease in the southeast…
Aviral Kumar Tiwari, Mothkuri Aruna, Aruna Kumar Dash
Indian economy’s inflation index often reflects double digit tendencies due to supply side shortages caused by droughts, rise in the prices of crude oil in the international markets etc. These factors may be responsible for non-linear behaviour of inflation i…
James A. Feigenbaum, T. Scott Findley
We study the active retirement choice in a simple three-period life-cycle setting and demonstrate that time-inconsistent delayed retirement becomes a theoretical possibility. This helps to align theory with the intuition that delaying the date of retirement c…
Anto Joseph, Garima Sisodia, Aviral Kumar Tiwari
This study examines the inter-temporal causal nexus between Indian commodity futures and spot prices by using wavelet analysis. Wavelet analysis offers an effective alternative tool to examine the inter-temporal causal relationship in time as well as frequenc…
Suresh K.G., Vikas Gautam
Current study examines the relevance of twin deficit hypothesis in Indian context by considering the endogenously determined structural breaks in both unit root and cointegration tests. The cointegration analysis shows that there is no long term relationship…
Haiming Li, Xiao Wu
This paper analyzes many serious defects existing in traditional aggregate demand/aggregate supply paradigm based on IS-LM model. Those defects cause the situation that IS-LM model declines gradually, but it is still not dead, and continuously revives through…
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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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