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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…
Maria Teresa Bosch-Badia, Joan Montllor-Serrats, Maria Antonia Tarrazon
We analyze, from the viewpoint of value creation, the evolution of Corporate Social Responsibility (CSR) thought from Friedman critical view of CSR to Porter and Kramer “shared-value” proposition, emphasizing, at the same time, its parallelism with the evolut…
Yosuke Yasuda
This note analyzes a slightly modified Hotelling model in which two firms are allowed to choose multiple store locations. Each firm can endogenously choose the number of stores while opening a store incurs a set-up cost. We show that the principle of minimum…
Susan Hamlen, William Hamlen, Lawrence Southwick
This paper identifies the condition leading to a progressive salary situation wherein the elasticity of compensation with respect to ability is greater than unity, i.e. , a small percentage advantage in ability results in a disproportional increase in compens…
Jeremy Berkowitz
We study the information structure implied by models in which the asset price is always risky and there are no arbitrage opportunities. Using the martingale representation of Harrison and Kreps [1], a claim takes its value from the stream of discounted expect…
Jangkoo Kang, Soonhee Lee
This paper shows that Jensen’s alpha may be a biased performance measure even for public-information-based portfolios, unless the benchmark portfolio return has no serial correlation, and the bias can be substantial even when the underlying asset pricing mode…
Kengo Nutahara
A recent paper by Carlstrom and Fuerst [“Asset Prices, Nominal Rigidities, and Monetary Policy,” Review of Economic Dynamics , Vol. 10, 2007, pp. 256-275] find s that monetary policy response to share prices is a source of equilibrium indeterminacy because an…
Mauricio Mosquera, Kelly Grogan, Edward Evans, Thomas Spreen
A theoretical approach is developed for finding the optimal age to remove an orchard (or plantation) to maximize net present value, after a disease attack. The model is a bioeconomic model that considers the effects of disease management on disease spread and…
Masayuki Otaki
My preceding paper on this topic (Otaki [1]) explored whether the equilibrium existence proof in Lucas [2] is truly complete. We showed that the proof is incomplete that some additional conditions are required to complete the job. In this paper, we explore an…
Luis-Felipe Arizmendi
The purpose of this paper is to provide a new set of tools for policy makers at central banks. Based on the Garman - Kohlhagen [1] formula for currency options, this research extends it with the Taylor-rule expression used for inflation targeting, thus obtain…
Masayuki Otaki
Almost every developed country experiences serious enlargement of the scale of government , specifically the expansion of fiscal deficits. We inquire why such a phenomenon is so prominent based on a Keynesian growth model entirely compatible with a standard n…
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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).