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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…
Anto Joseph, Suresh K.G., Garima Sisodia
The present study investigates the potential asymmetric causal relationship between the Indian agricultural commodity futures and spot prices by employing asymmetric causality test [1] . The asymmetry issue in the causal relationship is vital because the impa…
S. Sreejesh
The extant research suggests the role of consumers’ perceived aspirations in driving behavior, including strong brand preference. Despite studies demonstrated the importance of managing aspirations, the branding literature yet to look at the relationship betw…
Nobuhiro Mizuno
Some existing studies argue that indirect colonial rule adversely affects postcolonial development. To analyze the situation under which a colonial power adopts indirect rule to govern a colony, we analyze a delegation model wherein the colonial power decides…
Robin M. Cross, Rolf Färe
In this paper we show how to use value data (price times quantity) to construct Fisher price and quantity indexes. In particular, we think of revenue and expenditure data. This model extends the work of Cross and F?re, who showed how to recover relative price…
Aviral Kumar Tiwari, Niyati Bhanja, Arif Billah Dar
The recent bouts of crises in the Europe and the US have spurred increasing interest on the co-movement of output and stock market across the European countries. The evidence of such co-movements is rooted mainly from the spillover of uncertainty among the Eu…
Atsuo Tomori
This study explores how an extended liability scheme affects a judgment-proof firm’s precaution levels to prevent accidents and reduce damage when the regulator cannot observe the firm’s private transactions. For this purpose, we incorporate the firm’s precau…
Edoh Y. Amiran, Daniel A. Hagen
The pay of CEOs and other top executives has risen disproportionately relative to other earnings. We provide a supply-side explanation based on utility theory using directionally bounded utility functions. As overall income levels have grown, the amount of co…
Francis E. Raymond, Benjamin W. Raymond
As weather patterns across the globe change in response to global warming, we should expect more strain on existing institutions. This paper demonstrates how weather risk induces farmers into a risk-pooling equilibrium whereby private property rights are volu…
Kolos Csaba Ágoston
In the paper, we investigate the pricing behavior of a risk averse monopoly. Since the focus is on the risk averse attitude of the firm, we ignore cost in our model. Demand is considered to be stoch astic demand: as price decreases, the expected number of cus…
Ana-Isabel Guerra Guerra, Ferran Sancho
Networked economies constitute an interlocked mechanism of direct effects and indirect feedbacks. Each piece of the mechanism plays a specific role influencing the overall performance of the system. In the setup of an interindustry economy, the interlocked pi…
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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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