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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…
Masayuki Otaki, Yoshihiro Tamai
Much static research on the new Keynesian economics is based on the distortion caused by monopolistic pricing. When the theory of monopolistic competition is extended to monetary dynamics in an overlapping generations (OLG) model (Otaki 2007, 2009), the under…
Paul Shea
The reduced form solutions of indeterminate rational expectations models often include extraneous expectational errors or “sunspots”. Sunspots are usually modeled as independent of the model’s fundamentals, and are often presumed to result in excess volatilit…
Jack E. Riggs, Jeffrey C. Hobbs, Gerald R. Hobbs, Todd H. Riggs
U.S. national healthcare expenditures (NHE) increased from under 28 billion dollars in 1960 to over 1.35 trillion dollars in 2000. This enormous growth threatens the sustainability of the provision of healthcare. By definition, in any year, current NHE must e…
Pouya Azimi Garakani, Oliver Gürtler
In this paper, we analyze a contest organizer’s decision to release intermediate information to the contestants. Contrary to the existing literature, we assume that there is little noise affecting the contest outcome so that there may be only mixed-strategy e…
Vladimir Kühl Teles, Joaquim Andrade
Moral concepts affect crime supply. This idea is modelled assuming that illegal activities is habit forming. We introduce habits in an intertemporal general equilibrium framework to illegal activities and compare its outcomes with a model without habit format…
Hideki Nakamura, Masaya Yasuoka
We show that when the government has a target debt level, multiple equilibria exist in the relationship between fertility rates and pension levels. One is associated with a high fertility rate and a high pension level. The other is associated with a low ferti…
Kenji Miyazaki
This note gives a counterexample on Reis [1]. Using a certain family of utility functions, this note not only gives a sharper representation than that of Reis but also demonstrates that interest rate inelastic money demand does not lead to superneutrality. Th…
George S. Ford, Michael Stern
Competition in quality with escalating levels of endogenous sunk costs may produce levels of concentration even higher than expected in their absence. We show that consumers may very well benefit from such expenditures despite the effects on concentration and…
Paolo Colla, Filippo Ippolito
Secondary loan sales give originating banks the opportunity to diversify part of their credit risk by selling loans to other market participants. However, as originating banks are less exposed to risk after secondary loan sales, their incentives to monitor bo…
Tibin Liu, Yingjin Lu, Lu Jiao
In this paper, we analyze the characteristic function of all the coalitions of the Tri-networks Convergence chain and research on the benefit distribution of Tri-networks Convergence chain based on Shapley value. We find that the broadcasting and the telecomm…
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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.
Authors submit their manuscript, metadata, and declarations through the portal. There is no submission fee.
The editorial office screens the manuscript for scope, completeness, and formatting before assigning a handling editor.
At least two independent reviewers evaluate the manuscript under single-blind review. Where revisions are required, authors respond point by point.
On acceptance the article processing charge is invoiced and the CC BY 4.0 copyright handover is signed.
The article is copyedited, typeset, and given a DOI, then publishes open access with a permanent link.
Manuscripts must be original and not under consideration elsewhere. Submit in Microsoft Word or LaTeX with figures at 300 dpi minimum. Structure research articles as Abstract, Introduction, Methods, Results, Discussion, and References.
Use the journal's numbered (Vancouver) reference style. Cite sources consecutively in the order they appear, and ensure every reference is complete and retrievable.
Declare all funding sources, conflicts of interest, and ethical approvals (including informed consent and animal-care statements where applicable).