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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…
Ioannis Chasiotis, Georgios Georgakopoulos, Anthony Rezitis, Kanellos Toudas
This study investigates the relationship between market competition and cap ital structure and the respective role of ESG performance. Using 5112 firm-year observations from firms listed on the Tokyo Stock Exchange between 2002 and 2020, we document a negativ…
Valdir Domeneghetti, Fabiano Guasti Lima, Rafael Confetti Gatsios
Research Problem : What are the characteristics of the allocations in the respective investment assets (investment portfolios) of the closed pension funds in Brazil about risk x return? Motivation : This article aimed to deepen the knowledge of the social sec…
Karl Farmer
It is the aim of this paper to model involuntary unemployment in Magill and Quinzii's (2003) seminal stock market model with non-shiftable capital and affine equity-price expectations. In contrast to New-Keynesian macro-models, unemployment is not traced back…
Banchongsan Charoensook
This paper studies a noncooperative model of network formation. Built upon the two-way flow model of, it assumes that information decay as it flows through each agent, and the decay is increasing and concave in the number of his links. This assumption results…
Sunil K. Parameswaran, Sankarshan Basu, 1 1
This paper revisits the put-call parity condition for European options, on both non-dividend paying and dividend paying stocks, in the presence of fixed costs spreads. It demonstrates that the put-call parity condition becomes a set of inequalities under thes…
Muhammad Ashfaq Ahmed, Nasreen Nawaz
The invisible hand of a perfectly competitive market refers to the self-regulating behavior of the market where if each consumer and producer are allowed to freely make their own choices, the market settles at an efficient outcome that is beneficial to all th…
Violeth Joab Mwaijande, 1 1, John Victor Msinde, Adam Meshack Akyoo, Arnold Angelo Mushongi
The information on risk preferences and risk perceptions among maize far mers in maize highly growing highlands is limited. Similarly, relationships be tween socio-demographic factors and risk preferences are not clearly ex plored. A risk game with pay-offs a…
Robert A. Agnew
International trade is modeled as a multinational cooperative game where Shapley value leads to fair distribution of total trade gains. This fair-trade solu tion entails side payments among trading nations, essentially international trade adjustment assistanc…
Hideki Sato
In this paper, we clarify the impact of Nash bargaining between manufacturers and an input supplier on manufacturer outsourcing decisions. At a subgame perfect equilibrium, the manufacturers select in-house production, and no outsourcing equilibrium exists. I…
Michele Anelli, Alessio Gioia, Chiara Gioia
Problems of optimization are pervasive in the modern world. Policy Makers, indeed, have the aim of adopting the best policies mix, under their budge t con straint, to maximize economic and social welfare. We exploit the classical Consumer Theory to introduce…
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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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