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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…
Kangsik Choi, Minhwan Lee
By introducing Cournot and Bertrand competition in adifferentiated goods with the case of complements into Nash bargaining solution problem, we investigate timing of endogenous wage setting where wages can be negotiated either simultaneously or sequentially.…
Wanping Yang, Lan Ban
As concerns about energy and environment emerge the concept of sustainable development, this paper develops a five-sector endogenous technological change economic growth model considering sustainable use of energy and pollution control. We introduce energy an…
Swapnika Reddy Rachapalli, Praveen Kulshreshtha
Following the evolutionary game-theoretic approach to analyze Conjectural Variations (CV) in oligopolies, a model is developed to derive the Evolutionarily Stable Strategies (ESS) for quantity-setting and price-setting oligopolies with CV, producing heterogen…
Tin-Chun Lin
A model was developed and a static game of complete information was applied in an examination of a married couple’s reciprocal relationship. Each chose best strategies ( i.e. , optimal responses) to maximize payoffs ( i.e. , happiness). Theoretical analysis s…
Yun-Yeong Kim
This paper introduces the optimal foreign exchange risk hedging model following a standard portfolio theory. The results indicate that a lower level of risk can be achieved, given a specified level of expected return, from using optimization modeling. In the…
David Bartolini
In the literature on price regulation, the price-cap mechanism is seen as a very powerful incentive mechanism towards efficiency improvements. What about quality investments? The empirical literature is not univocal: Some studies suggest a deterioration of qu…
Shin-Ichi Nishiyama, Ryo Kato
This paper demonstrates the concavity of the consumption function of infinitely living households under liquidity constraints who are not prudent—i.e. with a quadratic utility. The concavity of the consumption function is closely related to the 3-convexity of…
Katsuhiko Nishizaki
This paper studies secure implementability (T. Saijo, T. Sjostrom and T. Yamato, “ Secure Implementation, ” Theoreti cal Economics , Vol. 2, No. 3, 2007, pp. 203- 2 29) in queueing problems. Our main result shows that the social choice function satisfies stra…
John Dogbey
This study focuses on the relationship between trade and relative prices of pollution intensive goods. Seminal to this idea is the transfer problem. It is based on the idea that environmental quality of two countries that engage in trade could be affected and…
Fernando Mesa
The main interest focus of this paper is the relation between international trade and the labour market, with an emphasis on the unemployment rate, and the allocation of workers among sectors. A general trade equilibrium model with three sectors is constructe…
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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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