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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…
Tristan Nguyen, Ralf Stüzle
In this paper, we introduce a macroeconomic model of overlapping generations to analyze the impacts of the demographic changes as well as the interactions between pension system, bond and stock markets. Furthermore, we examine how the pension system influence…
Tamara Todorova
We study the time path of inflation and unemployment using the Blanchard treatment of the relationship between the two and taking the monetary policy condition into account. We solve the model both in continuous and discrete time and compare the results. The…
Paulo R. A. Loureiro, Jaime Orrillo, Tito B. S. Moreira
We provided a simple equilibrium model where both the wage paid by firms and the sexual frequency of their workers are determined in equilibrium. The analysis is carried out within an efficiency wage model where the worker’s effort is influenced, in addition…
Hiroyuki Takami, Tamotsu Nakamura
Whether firms move sequentially or simultaneously is one of the most important questions in the oligopoly theory. Forms of firms and/or their remuneration systems influence the decisions. This paper analyzes the effect of profit-sharing on the endogenous orde…
Adib Bagh
A lower hemi-continuous correspondence with open and convex values in Rn must have open lower sections. This well- known fact has been used to establish the existence of continuous selections, maximal elements, and fixed points of correspondences in various e…
Susan S. Hamlen
This paper provides a proof that the well-known quadratic Mincer (1974) Equation, wherein the log of wage or salary is a quadratic function of the years of experience, is inconsistent with the usual assumptions of utility maximization. The proof requires the…
Katsuyuki Naito, Keigo Nishida
This paper presents a simple model to investigate the relationship among initial income inequality, education and eco- nomic growth. Public expenditure on education is determined through majority voting. Although preferences of individuals are not single-peak…
Toshiharu Ishikawa
When a manufacturing firm has a plan to build a factory, the determination of the factory’s location site is one of the most important elements in the plan. Since the manufacturer does not have enough information of economic conditions of all potential locati…
John F. McDonald
The paper provides a model that explains mixed land use patterns in urban areas. The paper contains a proof of the ex-istence of competitive market equilibrium in a market for land in a small zone where more than one land use may be present. The model include…
Francisco W. S. Lima
Within the context of agent-based Monte-Carlo simulations, we study the well-known majority-vote model (MVM) with noise applied to tax evasion on simple square lattices (LS), Honisch-Stauffer (SH), directed and undirected Bara-basi-Albert (BAD, BAU) networks.…
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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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