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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…
Alejandro Sampaolesi
The aim of this work is to depict the main characteristics of the optimal environmental policy under endogenous terms of trade and economic growth. Here, endogenous terms of trade are inferred from the price of an aggregate consumption good. Our results show…
Xu Zhang
One explanation given for the gender wage gap is the division of labor in the home. On the marriage outset, averagely speaking, husbands who are older invest more human capital in market activities than wives. This paper concentrates on the age gap at first m…
Paul Ojeaga, Emmanuel George, Phillip O. Alege, Adeyemi Ogundipe
The study investigates the relationship between trade and institutions across regions using panel data for seven regions for the period 1980 to 2010 (31 years) and general method of moment estimation method (GMM). Consistent with past literature, institutions…
Chang Liu, Yasunori Ishii
In this study, by establishing a third-country trade model of an international duopoly where two state firms from different post-communist countries compete against each other, we analyze the effects of a change in the degree of privatization on firms’ labor…
Ismaël Issifou, Francesco Magris
We consider a destination country with an aversion toward legal and illegal migration. Candidate migrants differ in terms of skills level and the legal migrants pay income taxes. There is a positive probability to become clandestine once a candidate migrant i…
Gerald Aranoff
We illustrate competitive manufacturing with an original theoretical model of manufacturers and buyers of cars over a business cycle that have peak and off-peak demand periods. There are two types of plants manufacturing cars, plant K and plant L , each havin…
Salvador Contreras
This paper presents an alternative view to the cause and size of market failures. The work here suggest that the size of the market failure is not man made per se but rather given a full set of initial conditions it is endogenous to the dynamical forces at pl…
Jing Han, Xiaoyuan Chu, Ke Li
Utilizing an outward foreign direct investment (ODI) data sample of 48 countries and districts from the year 2003 to 2010, and based on institutional distance theory, a resource-based view, an institutional-based view and political risk management theory, thi…
Christian Gabriel
The existence of common factors in international bond markets is an important cause for modelling different term structures of interest rates jointly. This paper investigates the common factors of US and UK treasury yields in the period of 1983 to 2012. A pri…
Lin Hu, Fan Yang, Zijun Sha
Currently, the most important issue with respect to financial institutions is how to motivate staff without providing perverse incentives. For instance, with the implementation of a proper incentive system, staff will be motivated via their self-interest to c…
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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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