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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…
Andrew Schmitz, Dwayne J. Haynes, Troy G. Schmitz
In some cases, production quota buyouts can be paid for through consumer taxes. Using a simplified two-period model, we show that producers can never gain from a consumer tax buyout even if the compensation is based on an inflated quota value. The higher the…
Christophe Schinckus
This short paper proposed a pricing method for GDP-linked collar bonds based on the classical discounted pricing model and the assumption that the GDP can be described with a geometric Brownian motion. The estimation of parameter s was not discussed because i…
Shunsuke Sekiguchi
Not all policies benefit their intended targets even though they are motivated by political altruism. This paper analyzes how the frequency of altruistic behavior changes depending on whether consumers ( i.e ., the electorate) or producers ( i.e ., politician…
Johan Fellman
In this study, we reconsider the effect of variable transformations on the redistribution of income. We assume that the density function is continuous. If the theorems should hold for all income distributions, the conditions earlier given are both necessary a…
Chao-Lan Wang, Yi-Chung Hsu
This paper focuses on the overlap in the tax bases between two levels of government. This overlap leads to vertical fiscal externalities that arise when several different commodities are in the tax base and the tax bases of the two levels of government may no…
Yasuhiko Nakamura, Masayuki Saito
This paper studies capacity choice in a quantity-setting mixed duopoly with differentiated goods, when the objective function of the private firm is its relative profit. In this paper, we show that the differences between the output levels and capacity levels…
T. Scott Findley, James A. Feigenbaum
The decision about how much to save for retirement is likely to be dependent on when an individual plans to be retired, and vice versa. Yet, the established literature on hyperbolic discounting and life-cycle saving behavior has for the most part abstracted f…
Kenta Toyofuku
We investigate how the health of a relationship bank impacts upon coordination among creditors and how it affects the firm ’ s behavior. We show that if the relationship bank is healthy, creditors coordinate each other and the firm takes an efficient action b…
Masayuki Otaki
We developed a game-theoretic approach concerning the option pricing validity and tractability of which is ascertained by deriving the Black-Scholes formula. We also applied this approach to the welfare implications of the bailout policy. It is found that suc…
Andreas Liening
As economic phenomena become increasingly complex, the demands on models to reflect this complexity also increase. Economic growth, for example, which depends on a variety of factors, is such a complex phenomenon. Especially the relevance of human capital dev…
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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).