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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…
Patrick de Lamirande
This paper studies the composition of the Paretian allocation set in the context of a finite number of agents and a finite number of indivisible goods. Each agent receives at most one good and no monetary compensation is possible (typically called the house a…
Cuong Tat Do, Anh Ngoc Thi Ngo
This study provides empirical evidence regarding to the relationship between household income and individual health , as well as the correlation between health and education at provincial level. We apply the concept of human health capital theory into models…
Stephen B. Wolf
This paper provides an analysis of collusion in oligopolies from a game-theoretic perspective. It first provides a basic survey of oligopoly models and then uses game theory to analyze non-cooperative or tacit collusion in these models, in a way that should b…
Phelim P. Boyle, Chenghu Ma
This paper establishes general conditions for the validity of mutual fund separation and the equilibrium CAPM. We use partial preference orders that display weak form mean preserving spread (w-MPS) risk aversion in the sense of Ma (2011). We derive this resul…
Hiroshi Goto, Yuji Matsuoka
The aim of this paper is to consider the adjustment process of the spatial structure in a two-country economy where both labor and capital are mobile. For this purpose, we combine the model of New Economic Geography with the phase diagram technique. We show t…
Ming-Chung Chang
The Porter hypothesis asserts that a stricter environmental regulation stimulates firms to conduct innovation and increase their profit. This paper uses a theoretical framework to examine the Porter hypothesis. We conclude that although a stricter environment…
Ken-ichi Kaminoyama, Taketo Kawagishi
In this paper, we assume that a cash-in-advance (CIA) constraint itself depends on relative income, which implies the status. This constraint means that agents with higher income are more creditworthy and can make purchases with fewer money holdings. Under th…
Minoru Watanabe
This paper considers the relationship between economic growth and minimum wage. Minimum wage helps reduce poverty and maintain a minimum standard of living. However, it is also claimed that minimum wage has a negative effect on employment and GDP. This paper…
Daniel K. Biederman
A small optimizing agent maximizes his utility by allocating his income to private consumption and to a contribution to a particular charity. The agent’s contribution may be matched, at a particular rate, by a large agent. We provide a comprehensive comparati…
M. Alejandro Cardenete, Ferran Sancho
Expenditure multipliers are routinely used to evaluate the effectiveness of government spending. When interested in disaggregated effects, interindustry models provide the necessary tools to be able to look at very detailed sectorial results. These models are…
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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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