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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…
Kaz Miyagiwa, Paul Rubin
America spends more on medical care than any other nation, with no noticeable difference in results. It is commonly thought that this is a result of a defect in the organization of medicine in the US, which can be repaired by “reform.” However, medicine is a…
Frederick Betz
How can one track a financial bubble as a likely precursor to bank panics and subsequent recessions? We model the Minsky-Keynes depiction of a financial market — by extending the “equilibrium-price” model to a “disequilibrium-price” model, through adding a th…
Gabriel B. Dadi, Paul M. Goodrum, David Bonham
The United States National Academies identified several recommendations for the construction industry in 2009 to improve industry performance. One of the key recommendations was the development of reliable productivity measures to improve the efficiency and s…
Yasuhiko Nakamura
This paper explores the capacity choice for a public firm that is a social welfare-maximizer and a private firm that is an absolute profit-maximizer in the context of a quantity-setting mixed duopoly with a simple mechanism of network effects where the surplu…
Ke Li
This paper develops a Walrasian general equilibrium model based on transaction cost and specialization to investigate the evolution and role of entrepreneurship in a competitive market under globalization. The implication of our model is straightforward that…
Mark J. Purdy, Xiao Chang
Based on data from 2007 to 2011 across 29 provinces in China, this paper employs a panel-based econometric model to investigate the impact of clusters (of firms and educational institutions) and R & D investment in driving productivity in China’s software ind…
John Dogbey
I use a model of indirect utility and compensated demand functions to analyze conditions for welfare effects when countries engage in trade involving a pollutant. The paper questions whether there is a transfer problem in such a trade and what conditions coul…
Amnon Levy
This paper analyzes an interaction between a carbon-tax collecting and investing coalition of rich countries, abstaining rich countries and poor countries. The non-coalition countries may suffer from loss of reputation and guilt and may overstate the emission…
Mitsunobu Miyake
This note elaborates Suppes’ (1977, Erkenntnis Vol. 11, No. 1, pp 233-250) derivation of the logarithmic function as a consumer’s cardinal utility function on money income levels, in which the consumer’s preferences are specified by a level comparison relatio…
Amitrajeet A. Batabyal, Peter Nijkamp
We theoretically analyze some properties of the technology gap between leading and lagging regions studied recently by Batabyal and Nijkamp [1]. New technologies are developed in the leading region. The lagging region does not conduct research and development…
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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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