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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…
Jean-Paul Chavas
This paper explores the effects of trade policy under induced innovation in general equilibrium. The analysis considers the effects of discrete changes in tariffs and import quotas, allowing for heterogeneous technologies among firms. The interactions between…
Masayuki Otaki
This article considers the international diffusion of business cycles on the basis of a rigorous dynamic microeconomic foundation. The seminal work of Laursen and Metzler [1] suggests that the employment-isolation effect under the flexible exchange rate syste…
Federico Boffa, Davide Vannoni
We analyze a setting typical of industries right after liberalization, or after structural demand and technology changes. An incumbent firm has an exogenous capacity, and a new entrant has to set its capacity level. We find that, in a dynamic context, higher…
Ludovic A. Julien
In this note, we compare two strategic general equilibrium concepts: the Stackelberg-Cournot equilibrium and the Cournot equilibrium. We thus consider a market exchange economy including atoms and a continuum of traders, who behave strategically. We show that…
Kazunobu Muro
The empirical tax rate on capital income ranges between 0.4 and 0.6 in OECD countries. This paper presents the optimal taxation problem in an one-sector dynamic general equilibrium model where the government is confronted with fiscal constraint (the ratio of…
Jack Robles
Crampes and Moreaux [1] provide a two period model of competition between a hydrostation and a thermal station for the generation of electricity. We modify this model to make it more directly comparable with an infinite horizon model. The closed loop equilibr…
Takeshi Miyazaki
It is argued that incentives for employees in the public service agencies will necessarily be weak because of the multiple dimensions of products, multiple principals, incomplete contract, and socializing. Some empirical studies refer to incomplete contractin…
Jean J. Gabszewicz, Filomena Garcia, Joana Pais, Joana Resende
In this note, we start to claim that established marriages can be heavilydestabilized when the population of existing couples is enriched by thearrival of new candidates to marriage. Afterwards, we discuss briefly howstability concepts can be extended to acco…
Paul Madden, Simon Rudkin
In a horizontally differentiated goods market, where consumers face heterogeneous costs of entering the market and exhibit a taste for variety (via CES preferences) over the continuum of substitute goods, lowering the general market price level leads to incre…
Masayuki Matsui
By our past review, this paper will verify the hypothesis that the autonomous (invisible) body balancing would be better under changeable demand speed and a leading principle in the collaborative networks. This hypothesis was first utilized in the Conveyor-Se…
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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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