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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…
Amornrat Apinunmahakul, Vicky Barham
Pure public goods provided by charitable organizations may be provided at the first-best level when the provision is financed by an appropriately designed lottery. If lottery tickets are sold using a two-part tariff, the level of provision of the public good…
Samir Amine, Pedro Lages Dos Santos
Faced with increasing poverty and the relative inefficiency of their redistribution systems, many countries are turning to new instruments of social policy. Many economists found there an opportunity to present the mechanism of basic income as the new way for…
Oesook Lee
The generalized Ornstein-Uhlenbeck process is derived from a bivariate Lévy process and is suggested as a continuous time version of a stochastic recurrence equation [1]. In this paper we consider the generalized Ornstein-Uhlenbeck process and provide suffici…
Oleksandr Zhylyevskyy
Heston’s stochastic volatility model is frequently employed by finance researchers and practitioners. Fast pricing of European-style options in this setting has considerable practical significance. This paper derives a computationally efficient formula for th…
Stefano Bosi, Lionel Ragot
In this paper, we study general polynomial discretizations in backward and forward looking, and the preservation of stability properties. We apply these results to the Ramsey model [4]. Its discrete-time version is a hybrid discretizations of a backward-looki…
Fariba Hashemi, Max-Olivier Hongler, Olivier Gallay
We construct a model of innovation diffusion that incorporates a spatial component into a classical imitation-innovation dynamics first introduced by F. Bass. Relevant for situations where the imitation process explicitly depends on the spatial proximity betw…
Daniela Di Cagno, Emanuela Sciubba, Marco Spallone
We propose a marriage model where assortative matching results in equilibrium for reasons other than those driving similar results in the search and matching literature. A marriage is a joint venture where husband and wife contribute to the couple’s welfare b…
Eugene Kouassi, Pierre Mendy, Diaraf Seck, Kern O. Kymn
In this paper, a new optimization-based approach to constructing a poverty index is considered. From a general perspective, first and second order conditions based on a general poverty intensity function are derived. Then using specific intensity functions de…
Masayuki Otaki
This article considers aggregate price determination related to the neutrality of money. When the true cost of living can be defined as a function of prices in an overlapping generations (OLG) model, the marginal cost of a firm depends solely on the current a…
Atsuo Utaka
This paper investigates how product’s durability affects the dynamic properties of the economy, using a simple overlapping generations model with durable goods. One of the chief characteristics of the durable-goods market is that a sale condition at a certain…
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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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