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Issue Information: International Journal of Economic Theory 3/2025 期刊信息：International Journal of Economic Theory 3/2025
IF 0.7 4区 经济学
International Journal of Economic Theory Pub Date : 2025-08-20 DOI: 10.1111/ijet.12403
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引用次数: 0
Infectious disease and endogenous cycles: Lockdown hits two birds with one stone 传染病和内源性循环：封锁一举两得
IF 0.7 4区 经济学
International Journal of Economic Theory Pub Date : 2025-07-29 DOI: 10.1111/ijet.70001
David Desmarchelier, Magali Jaoul-Grammare, Guillaume Morel, Thi K. C. Pham
{"title":"Infectious disease and endogenous cycles: Lockdown hits two birds with one stone","authors":"David Desmarchelier,&nbsp;Magali Jaoul-Grammare,&nbsp;Guillaume Morel,&nbsp;Thi K. C. Pham","doi":"10.1111/ijet.70001","DOIUrl":"https://doi.org/10.1111/ijet.70001","url":null,"abstract":"<p>This paper develops a competitive Ramsey–Cass–Koopmans framework in which an infectious disease is considered. A lockdown is introduced to control the disease spread. Considering the dynamics, a stable limit cycle can emerge near the endemic steady-state, through a Hopf bifurcation, when the share of infectives increases sufficiently the marginal utility of consumption. Particularly, we prove that it is possible to tune the lockdown to simultaneously obtain the limit cycle disappearance and the disease eradication (Bogdanov–Takens bifurcation). In this sense, the lockdown allows <i>hitting two birds with one stone</i>.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"21 3","pages":"316-342"},"PeriodicalIF":0.7,"publicationDate":"2025-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144870085","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Anticipation under lack of commitment leads to excess growth 缺乏承诺下的预期导致过度增长
IF 0.7 4区 经济学
International Journal of Economic Theory Pub Date : 2025-07-29 DOI: 10.1111/ijet.70002
Gerhard Sorger
{"title":"Anticipation under lack of commitment leads to excess growth","authors":"Gerhard Sorger","doi":"10.1111/ijet.70002","DOIUrl":"https://doi.org/10.1111/ijet.70002","url":null,"abstract":"<p>We study a simple asset accumulation problem in which instantaneous utility depends not only on current consumption but also on anticipated future consumption. This feature of the preferences renders them dynamically inconsistent. We solve the model under the assumptions that the decision maker (i) is aware of the dynamic inconsistency and (ii) lacks commitment power (sophisticated approach). It is shown that asset growth under these assumptions always exceeds the corresponding growth rate under commitment.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"21 3","pages":"343-359"},"PeriodicalIF":0.7,"publicationDate":"2025-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijet.70002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144870086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Growth and inflation targeting by the government and the central bank: Alignment or conflict? 政府和央行的增长和通胀目标：一致还是冲突？
IF 0.7 4区 经济学
International Journal of Economic Theory Pub Date : 2025-07-17 DOI: 10.1111/ijet.70000
Gopal K. Basak, Mrinal K. Ghosh, Diganta Mukherjee
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引用次数: 0
Issue Information: International Journal of Economic Theory 2/2025 期刊信息：International Journal of Economic Theory第2/2025期
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2025-05-13 DOI: 10.1111/ijet.12402
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引用次数: 0
Public financing and spending on tertiary education: Implications for fiscal deficit, growth, and welfare 高等教育的公共融资和支出：对财政赤字、增长和福利的影响
IF 0.7 4区 经济学
International Journal of Economic Theory Pub Date : 2025-04-29 DOI: 10.1111/ijet.12425
Bibaswan Chatterjee, Rolando A. Escobar-Posada, Goncalo Monteiro
{"title":"Public financing and spending on tertiary education: Implications for fiscal deficit, growth, and welfare","authors":"Bibaswan Chatterjee,&nbsp;Rolando A. Escobar-Posada,&nbsp;Goncalo Monteiro","doi":"10.1111/ijet.12425","DOIUrl":"https://doi.org/10.1111/ijet.12425","url":null,"abstract":"<p>This paper explores the impact of fiscal policies on growth, welfare, and public deficits in tertiary education financing using a two-sector growth model. It evaluates trade-offs between public and private funding, comparing scenarios with and without budget deficit constraints. The results suggest that shifting to a user fee system can promote growth, but growth and welfare cannot be maximized simultaneously. For Colombia, increasing government spending on education, such as expanding infrastructure or hiring more teachers, improves welfare, while subsidies for user fees are ineffective. The study provides insights into the efficiency of mixed funding systems for higher education.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"21 3","pages":"259-288"},"PeriodicalIF":0.7,"publicationDate":"2025-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144870084","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Tourism shocks, skill-biased technological change, and economic growth: A general equilibrium analysis 旅游冲击、技能偏向的技术变革与经济增长：一般均衡分析
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2025-04-14 DOI: 10.1111/ijet.12424
Óscar Afonso
{"title":"Tourism shocks, skill-biased technological change, and economic growth: A general equilibrium analysis","authors":"Óscar Afonso","doi":"10.1111/ijet.12424","DOIUrl":"https://doi.org/10.1111/ijet.12424","url":null,"abstract":"<p>This study extends the Direct Technical Change model to explore how tourism shocks influence sectoral competitiveness, wages, skill premium, technological knowledge, and economic growth. Tourism impacts the economy by reallocating labor from production to services and stimulating R&amp;D, disproportionately benefiting skilled-labor-intensive sectors and fostering innovation. By incorporating labor dynamics and technological absorption, this study bridges gaps in existing literature, offering actionable insights for policymakers to drive sustainable and inclusive growth. Numerical simulations corroborate the theoretical findings, highlighting scenarios where R&amp;D-driven innovation outweighs labor reallocation losses, emphasizing tourism's potential as a catalyst for innovation and long-term economic development.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"21 2","pages":"221-255"},"PeriodicalIF":0.5,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143939295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of modern agricultural development on wage inequality within rural areas 现代农业发展对农村地区工资不平等的影响
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2025-02-14 DOI: 10.1111/ijet.12423
Xiaochun Li, Yuean Zhou
{"title":"The impact of modern agricultural development on wage inequality within rural areas","authors":"Xiaochun Li,&nbsp;Yuean Zhou","doi":"10.1111/ijet.12423","DOIUrl":"https://doi.org/10.1111/ijet.12423","url":null,"abstract":"<p>Wage inequality within rural areas refers to the wage inequality between the modern and traditional agricultural sectors. In developing countries, the development of modern agriculture is an important factor affecting this inequality. This paper establishes a general equilibrium model to investigate this impact under the framework of labor transfer. We found that capital subsidy policies for modern agriculture will be conducive to expanding the scale of modern agriculture and narrowing wage inequality within rural areas. Conversely, wage subsidies for modern agriculture would widen wage inequality within rural areas, despite facilitating the transition of traditional agricultural labor into modern agriculture.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"21 2","pages":"201-220"},"PeriodicalIF":0.5,"publicationDate":"2025-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143939214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Issue Information: International Journal of Economic Theory 1/2025 期刊信息：International Journal of Economic Theory 1/2025
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2025-02-13 DOI: 10.1111/ijet.12401
{"title":"Issue Information: International Journal of Economic Theory 1/2025","authors":"","doi":"10.1111/ijet.12401","DOIUrl":"https://doi.org/10.1111/ijet.12401","url":null,"abstract":"","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"21 1","pages":"1"},"PeriodicalIF":0.5,"publicationDate":"2025-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijet.12401","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143397017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Taxing emissions and privatizing a state-owned enterprise under endogenous price-quantity competition 内生价格-数量竞争下的排放税与国有企业私有化
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2025-01-21 DOI: 10.1111/ijet.12422
Lili Xu, Qinghong Zhao, Sang-Ho Lee
{"title":"Taxing emissions and privatizing a state-owned enterprise under endogenous price-quantity competition","authors":"Lili Xu,&nbsp;Qinghong Zhao,&nbsp;Sang-Ho Lee","doi":"10.1111/ijet.12422","DOIUrl":"https://doi.org/10.1111/ijet.12422","url":null,"abstract":"<p>This study considers an endogenous competition mode between price and quantity and explores policy interaction between emission tax and privatization when a vertically integrated state-owned enterprise competes with a downstream firm that purchases inputs from an upstream supplier in its supply chain. We find that when the product substitutability is low (high), firms choose Bertrand (price-quantity) competition under a nationalization regime, whereas they choose quantity-price (Cournot) competition under a privatization regime. We demonstrate that an institutional change with privatization and emission tax could switch market competition mode from aggressive Bertrand (price-quantity) to conservative Cournot competition if (unless) the product substitutability is intermediate, which leads to improved (reduced) welfare. Our findings suggest that appropriate coordination between privatization and environmental policies in a vertical relation can enhance welfare in an era of environmental transition.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"21 2","pages":"177-200"},"PeriodicalIF":0.5,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143939245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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