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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…
Susanne Fuchs-Seliger
In this article a model of consumer behavior will be developed, based on preferences on the price space reflecting the individual ’ s willingness to pay for certain quantities of commodities under the supposition that the individual is restricted to his or he…
Masayuki Otaki
We analyze whether or not money can be circulated as a purely transaction medium in the search theory. We obtain the following result: unless the role of a store of value added to the function of money, money does not circulate and the economy degenerates int…
Jeremy Sandford, Paul Shea
What happens when a buyer and a seller each have private information about the value of an item for trade, as is particularly common in real estate? We solve for the equilibrium price under both public information , where the seller shares his information wit…
Masayuki Otaki, Masaoki Tamura
This article analyzes the difference of properties of economic growth theory between perfect and monopolistic competition. Whether or not capital investment is constrained by effective demand is the crucial factor which characterizes economic growth theories…
Yasuhiko Nakamura
In their recent work, Matsumura and Ogawa (2012) showed that in the context of a mixed duopoly, equilibrium social welfare is higher in price-setting competition than in quantity-setting competition. We found that when the strength of network effects is suffi…
Yasuhiko Nakamura
This paper studies capacity choice in a quantity-setting and price-setting private duopoly with differentiated goods wherein either of two firms has a price-raising effect on the price level of the product of the opponent firm. In both quantity-setting and pr…
Chen Cohen, Moshe Schwartz
The present paper deals with two-player all pay contests in which a tie is due to slacking, showing that to reduce the likelihood of such an occurrence, slackers should be denied any reward, or even punished. The denial of reward, or the punishment, inflicted…
I. M. Román-Sánchez, Irene Carra
Market failure involving pollution from wastewater discharges industrials, is corrected with the establishment of environmental taxes. Heterogeneity in the design of these taxes, with a different tax base for each EU member country, affects both the pollution…
Xiaoning Lv, Xuezhi Qin, Tao Sun
A model is proposed to estimate the probability distribution of asset value based on the benefit effects as well as the risk effects of deposit insurance with the minimum cross-entropy principle. Three scenarios are constructed to depict situations with diffe…
Kerstin Pull, Hendrik Bäker, Agnes Bäker
In our paper, we analyze the interplay of contestant heterogeneity and idiosyncratic risk in rank-order tournaments: While in symmetric tournaments an increase in idiosyncratic risk reduces incentives, in asymmetric tournaments this is not necessarily the cas…
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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.
Authors submit their manuscript, metadata, and declarations through the portal. There is no submission fee.
The editorial office screens the manuscript for scope, completeness, and formatting before assigning a handling editor.
At least two independent reviewers evaluate the manuscript under single-blind review. Where revisions are required, authors respond point by point.
On acceptance the article processing charge is invoiced and the CC BY 4.0 copyright handover is signed.
The article is copyedited, typeset, and given a DOI, then publishes open access with a permanent link.
Manuscripts must be original and not under consideration elsewhere. Submit in Microsoft Word or LaTeX with figures at 300 dpi minimum. Structure research articles as Abstract, Introduction, Methods, Results, Discussion, and References.
Use the journal's numbered (Vancouver) reference style. Cite sources consecutively in the order they appear, and ensure every reference is complete and retrievable.
Declare all funding sources, conflicts of interest, and ethical approvals (including informed consent and animal-care statements where applicable).