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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…
Troy G. Schmitz, Andrew Schmitz
The limited theory on production quotas focuses on the impact of introducing quotas when otherwise the market would be competitive. We develop a model also on the effect of removing quotas, and then consider the combined effects of both introducing and removi…
Eugene Kouassi, Pierre Mendy, Diaraf Seck, Kern O. Kymn
In this paper one considers a general approach to construct a poverty index. In particular from a general perspective, first and second order conditions based on a general poverty intensity function are derived. Then using specific intensity functions defined…
Tarun Kabiraj, Ching Chyi Lee
This paper discusses the question of optimal licensing contracts in Hotelling structure and focuses on the unique features of this structure in this context. We show that a royalty equilibrium exists if and only if transport cost lies in a specified interval,…
Frank Hespeler
This paper approaches the problem of the potential for complex-valued solutions within linear macroeconomic models with rational expectations. It finds that these problems are associated with a specific solution method for the underlying model. The paper esta…
Huei-Chin Lin
We have design a private-information game to incorporate independent experts’ assistance. With the better information provided by experts, the mistrust of the uninformed party might be dissolved. And we may get an effective and efficient resolution outcome. W…
Yeolyong Sung
In a multi-party political system, candidates’ policy points disperse in general even with two candidates when parties have different feasible policy sets. Also, it is shown that extremists can influence the political outcomes with a relatively small feasible…
Fariba Hashemi
The study is motivated by the observation that the distribution of income across countries varies as a function of time. It would not be unreasonable to assume that there exists a statistical equilibrium distribution of income with a certain mean and variance…
David G. Bivin
This note explains why inventories might rise with interest rates. Higher real interest rates not only increase the carrying cost of inventories they also reduce the present value of the markup on delayed sales. When the markup is large enough, it is profitab…
Zheng-Feng Guo, Lingyan Cao, Ying He
This paper proposes a nonparametric FPE-like procedure based on the smooth backfitting estimator when the additive structure is a priori known. This procedure can be expected to perform well because of its well-known finite sample performance of the smooth ba…
Carol Horton Tremblay, Mark J Tremblay, Victor J Tremblay
We analyze a Cournot-Betrand model where one firm competes in output and the other competes in price. With general demand functions and perfectly homogeneous products, we show that the unique Nash equilibrium is the perfectly competitive equilibrium. Equilibr…
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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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