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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…
Khandokar Istiak
Corruption is a universal issue for almost all developing and underdeveloped countries. It is considered as one of the most important reasons that hamper economic growth. I follow a simple graphical approach to show the dreadful economic impact of corruption…
Panagiotis Evangelopoulos
In contemporary democracy fiscal policy is not employed for the fiscal control of necessary state activities but for generation of deficits which cause s the state to feed on itself , expand s enormously in the service of special interests and is contrary to…
George Drogalas, Evgenia Anagnostopoulou, Michail Pazarskis, Sotirios Galeas
Reducing tax evasion has been among the top priorities of the Greek public administration especially during the last years of the economic recession. The purpose of this study is to examine the level of tax evasion of Greek small and micro firms and how it is…
Akihiko Kaneko, Daisuke Matsuzaki
In this study, we consider a scenario in which the government resorts to an income and inflation tax to finance its expenditures in the money-in-the-production-function model. We show that a financing shift from the inflation tax to the income tax increases t…
Debasish Majumder
The conventional judgement-based method for fixing the risk tolerance level in the Value-at-Risk (VaR) model might be a suboptimal method, because the procedure induces the possibility of bias in risk measurement. Conversely, a superior risk management practi…
Dimitrios I. Vortelinos, Konstantinos Gkillas, Christoforos Konstantatos, George Peppas
We examine the impact of US economic news releases in the liquidity of eleven not so extensively researched emerging stock markets. We employ ten liquidity measures. The sample begins from June 2007 up to December 2016. Analysis is performed in a weekly frequ…
Zhentao Liu, Gilbert V. Nartea, Ji Wu
We investigate the time series behavior of idiosyncratic volatility and its role in asset pricing in France. We find that both aggregate idiosyncratic and market volatility exhibit regime switching behavior similar to that in the U.S. and other developed coun…
Kurt W. Rotthoff, Bentley Coffey
Different theoretical explanations have been developed for seemingly inconsistent actions that deal with varying levels of risk and time. We propose a simple model of utility that unifies these seemingly separate phenomena, while not departing too far from th…
Haijun Yang, Wei Xia, Jian Fu
By given different capabilities of managers, a novel model of optimal contracting is proposed in agency problems, which adds a new variable denoted by the manager’s ability in delegated portfolio management. Then we compare our results with Dybvig and Farnswo…
Kai Zhang, Lurion De Mello, Mehdi Sadeghi
Due to the unobserved nature of the true return variation process, one of the most challenging problems in evaluation of volatility forecasts is to find an accurate benchmark proxy for ex - post volatility. This paper uses the Australia n equity market ultra-…
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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).