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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…
Huishuang He
In order to analyze the strategic entry behavior choices of firms under minimum quality standard, a basic model is made under the endogenous minimum quality standard. An industry’s competitiveness and the level of performance tend to be subject to the entry c…
Seifallah Sassi
The purpose of this paper is to study jointly the effects of consumer credit market and investment credit market on economic growth. We introduce consumer credit market in Schumpeterian framework. Under credit market imperfections, our model predicts a negati…
Gigel Busca, Emmanuel Haven, Franck Jovanovic, Christophe Schinckus
In financial option pricing, the stable Lévy framework is a problematic issue because of its (theoretical) infinite invariance. This paper deals with the integration of these processes into option pricing by defining the minimal theoretical condition required…
Alexi Thompson
The present study provides a utility maximizing theoretical framework motivating the EKC model. Theoretical parameters are linked directly to the typical empirical parameters of the reduced form empirical EKC model. Linking the theory to the typical empirical…
Kazuki Hiraga
This paper investigates how much externality of human capital a la on-the-job training resolves the fiscal policy puzzle that is consistent with the empirical evidences which obtain the positive response of consumption and wage to increase of fiscal spending…
Esther Mata-Pérez, Annick Laruelle, Ricardo Martínez, Giovanni Ponti, 1 1
We report a laboratory experiment on strategic manipulation in positional rules, by which individuals are asked to elicit a complete ranking over 3 alternatives. The prominent rule in this set is the so-called Borda Count, but our experiment also considers ot…
Nasser Al-Mawali
The intention of this paper is to provide "for the first time" a conceptual framework on how a level of IPRs is linked to bilateral intra-industry trade (IIT) flows. The proposed analysis of the relationship between IPRs and IIT of this paper is couched in a…
Yanqing Jiang
This paper focuses on examining differential convergence patterns in productivity growth in China. Our empirical analysis shows that the Chinese provinces exhibit absolute divergence and then absolute convergence respectively during 1990-2000 and 2000-2010. I…
Rolf Färe, Giannis Karagiannis, 1 1
Based on the concept of translation elasticity we restate in this note the Fare and Grosskopf’s [1] conditions for additive separability of the profit function. We show that for the profit function to be additively separable, the technology must satisfy both…
Pablo L. Schiaffino, Juan Pablo Pinasco
In this paper we present a macroeconomic foundation of downward money price inflexibility based on classical Monetary Economics. We show that under the principle of risk aversion and the neutral money axiom, our model derives an endogenous asymmetric price re…
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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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