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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…
Joss Sánchez-Pérez
This paper studies the economic inequality as a phenomenon resulting from two variables: The variable of responsibility which depends on the agents’ performance in the economy, and the variable of opportunity which is independent of the individuals’ performan…
Renyu Hu
In the field of accounting informationization, the establishment and development of XBRL has aroused wide concerns. Abandoning the constrain of the conventional theoretical study, this paper is based on the case of applying XBRL in Eastern Airlines (abbr. CEA…
Masayuki Otaki
Employment theory does lacks a consensus concerning whether employment variation should be expressed as a change in the hours worked as a representative individual or as a change in the population of employed individuals. By appling the OLG model developed by…
Jonathan Rosborough
This paper develops a model in which a privately informed seller attempts to indirectly influence the experimentation strategy of a buyer by sending costless signals. The question under consideration is whether there is any credible way in which this single r…
Ting Levy, Xiangbo Liu, Zijun Liu, Zhigang Qiu
This paper studies the impact of relative performance on portfolio choices and asset prices when fund managers differ in size and exogenous financial shocks. We find that with these heterogeneities, fund managers change their trading behaviors significantly.
Panagiotis Evangelopoulos
In North America the establishment of the institutions of individual liberty and free enterprise demonstrate that prosperity is a function of freedom. Diametrically opposite, Latin America has throughout its history been required to endure attempts at imposin…
Frank Raymond
The application herein involves the optimal management of renewable and nonrenewable resources within the context of a stochastic model of optimal control. By characterizing the two dimensional Bellman solution, three rules with respect to resource management…
Michinori Uwasu
Players are unlikely to immediately play equilibrium strategies in complicated games or in games in which they do not have much experience playing. In these cases, players will need to learn to play equilibrium strategies. In laboratory experiments, subjects…
Johan Fellman
Redistributions of income can be considered as variable transformations of the initial income variable. The transformation is usually assumed to be positive, monotone-increasing and continuous, but discontinuous transformations have also been discussed recent…
Masayuki Otaki, Yoshihiro Tamai
Assuming that labor productivity varies with the previous employment level, we derive the Phillips curve based on the standard dynamic microeconomic foundation. The usage of the term standard implies that our theory entirely excludes assumptions unfamiliar to…
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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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