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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…
Mark W. Zikiye, Rebecca Abraham, Charles Harrington
The acquisition of a target firm in a transaction financed by cash is a cash merger. Announcements of cash mergers release the positive signal that the acquirer possesses cash reserves. As stock prices rise, informed traders may obtain abnormal returns by pur…
Charles B. Moss, Andrew Schmitz
The Energy Independence and Security Act of 2007 imposes a Renewable Fuel Standard met through a combination of corn and cellulosic ethanol. A variety of rationales support this policy including the recycling of atmospheric carbon. This study examines the eco…
Guang-Zhen Sun
The standard excess demand argument for existence of competitive equilibria in exchange economies invokes maximizing the market value of the aggregate excess demand function and thereby adjusting the prices toward equilibrium. By exploiting the Perron-Frobeni…
Diego de la Fuente Stevens
The focus of this research is the understanding of a fundamental aspect of the Mexican agricultural sector: the evolution of land productivity and the sources behind its changes. The study takes place in a period that runs from 1990 to 2011, a period of large…
J. Scott Shonkwiler, Emmanuelle Chevassus-Lozza, Karine Daniel
To date, most studies of firm concentration have considered local markets and as a consequence they have exploited market size as a key determinant of the number of firms. We consider instead the case of intermediate goods producers, specifically agro-food pr…
L. Chukwudi Ikwueze
Economists coined the concept of market externality to show that activities in a market affect third parties. An interesting question which economists have left unanswered is whether or not third parties too can affect markets/economy, for there is no concept…
Masayuki Otaki
We consider an intergenerational and educational investment stochastic model to determine the effects of efficacy in education on affluence over time. Efficacy in education, defined by the success probability of intergenerational education, seriously affects…
Angel Martin-Roman
Work-sharing measures aim to reduce unemployment. When politicians are more interested in fostering this kind of measures is when the official unemployment rate published in statistics rises. There is already an important body of research addressing this issu…
Francisco Carlos Ribeiro
This article purposes that omnipotence feelings are the best issue to explain the relationship between ostentation and socio-economic behavior. According to my propositions, we would better comprehend the mechanisms of ostentation in our society, and its cons…
Nikolaos Georgantzís, Aurora García-Gallego
We model monopolistic competition in product lines, assuming that consumer heterogeneity is the result rather than the cause of product variety. Our results contradict some well-known policy implications yielded by the standard monopolistic competition framew…
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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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