International Journal of Economic Theory

Cover image for Vol. 12 Issue 4

Edited By: Kazuo Nishimura and Makoto Yano

Impact Factor: 0.229

ISI Journal Citation Reports © Ranking: 2015: 315/344 (Economics)

Online ISSN: 1742-7363

Author Guidelines

The International Journal of Economic Theory is published in cooperation with Kyoto University. The Journal publishes English language original research articles in all fields of economic theory.

The acceptance criteria for all papers are the quality and originality of the research and its significance to our readership. Except where otherwise stated, manuscripts are peer reviewed by anonymous reviewers and the Editors. Final acceptance or rejection rests with the Editorial Board, who reserves the right to refuse any material for publication.

Manuscripts should be written so that they are intelligible to the professional reader who is not a specialist in the particular field. They should be written in a clear, concise, direct style. Where contributions are judged as acceptable for publication on the basis of content, the Editors or the Publisher reserve the right to modify typescripts to eliminate ambiguity and repetition and improve communication between author and reader. If extensive alterations are required, the manuscript will be returned to the author for revision.

Non-native English speaking authors are requested to have the paper checked by a native English speaker before the final version of the paper is submitted.

Authors for whom English is a second language may choose to have their manuscript professionally edited before submission to improve the English. Visit our site to learn about the options. All services are paid for and arranged by the author.  Please note using the Wiley English Language Editing Service does not guarantee that your paper will be accepted by this journal.

Manuscripts should be submitted electronically at Alternatively, submission by post can be made to:

The Editorial Office
International Journal of Economic Theory
Institute of Economic Research
Kyoto University
Yoshida Homachi, Sakyo-ku
Kyoto 606-8501
Tel: +81 75 753 7188; fax: +81 75 753 7170.

When submitting their manuscript online, authors will be asked if they agree with the terms of submission. Authors who submit their manuscript by sending a disk to the above address should include a covering letter stating the following: (i) that the content of the paper has not been published or submitted for publication elsewhere; (ii) that all authors have contributed significantly, and that all authors are in agreement with the content of the manuscript; (iii) that they have declared any financial support or relationships that may pose conflict of interest; and (iv) that if tables or figures have been reproduced from another source, a letter from the copyright holder (usually the Publisher), stating authorization to reproduce the material, has been obtained.suu

All articles accepted must comply with these instructions. Failure to do so will result in return of the manuscript and possible delay in publication.

  • If submitting a disk, use a new one rather than a reformatted one.
  • The disk must contain the relevant file(s) only. The entire article (including tables) should be supplied as a single file; only electronic figures should be supplied as separate files.
  • Authors should supply their accepted paper as formatted text. Specify the hardware and the word processing package on the disk (e.g. IBM, Word 2000 or Mac, Word 5.1), as well as the first author’s surname, the journal title and the manuscript number.
  • Please note that Word 2007 is not yet compatible with journal production systems. Unfortunately, the journal cannot accept Microsoft Word 2007 documents until such time as a stable production version is released. Please use Word's 'Save As' option to save your documents as an older (.doc) file type.
  • Do not use Enter at the end of lines within a paragraph.
  • Include only those hyphens that are essential to the meaning.
  • Specify any special characters used to represent non-keyboard characters.
  • Take care not to use l (ell) for 1 (one), O (capital o) for 0 (zero) or ß (German esszett) for Greek beta.
  • Use a tab, not spaces, to separate data points in tables. If you use a table editor function, ensure that each data point is contained within a unique cell (i.e. do not use Enter within cells).

Heavily mathematical papers can be drafted in software such as TeX or LaTeX, in which case the PDF page proofs should be checked thoroughly for accuracy. Authors are required to supply style and class files for TeX and LaTex formats. Note that the use of specialized versions of TeX or extensive use of custom macros may necessitate conventional typesetting from the hard-copy manuscript.

Author material archive policy
Authors who require the return of any submitted material that is accepted for publication should inform the Editorial Office after acceptance. If no indication is given that author material should be returned, Wiley-Blackwell will dispose of all hardcopy and electronic material two months after publication.

Papers accepted for publication become copyright of the International Association for Economic Theory and authors will be asked to sign a transfer of copyright form. In signing the transfer of copyright it is assumed that authors have obtained permission to use any copyrighted or previously published material. All authors must read and agree to the conditions outlined in the Copyright Assignment Form, and must sign the Form or agree that the corresponding author can sign on their behalf. Articles cannot be published until a signed Copyright Assignment Form has been received. Copyright forms can be downloaded from here.

The Journal uses US spelling and authors should therefore follow the latest edition of the Merriam–Webster’s Collegiate Dictionary.
Abbreviations. In general, terms should not be abbreviated unless they are used repeatedly and the abbreviation is helpful to the reader. Initially use the word in full, followed by the abbreviation in parentheses. Thereafter use the abbreviation only.

Manuscripts should be presented in the following order: (i) title page, (ii) abstract and key words, (iii) text, (iv) references, (v) appendices, (vi) figure legends, (vii) tables (each table complete with title and footnotes) and (viii) figures.

Title page
The title page should contain (i) the title of the paper, (ii) the full names of the authors and (iii) the addresses of the institutions at which the work was carried out together with (iv) the full postal and email address, plus facsimile and telephone numbers, of the author to whom correspondence about the manuscript should be sent. The present address of any author, if different from that where the work was carried out, should be supplied in a footnote.

The title should be short, informative and contain the major key words. Do not use abbreviations in the title. A short running title (less than 40 characters) should also be provided.

The source of financial grants and other funding must be acknowledged, including a frank declaration of the authors’ industrial links and affiliations. The contribution of colleagues or institutions should also be acknowledged. Acknowledgements should be provided as a footnote on the title page.

Abstract and key words
All articles must have a brief abstract that states in 100 words or fewer the major points made and the principal conclusions reached. The abstract should not contain abbreviations or references.

After the abstract a list of three to five key words that will be useful for indexing or searching should be included.

In addition, Journal of Economic Literature (JEL) Classification Numbers that identify the subject area of the article should be listed at the end of the abstract. The JEL Classification Numbers can be found at

The text should be organized into an introductory section, conveying the background and purpose of the report, and then into sections identified with subheadings.

The Harvard (author, date) system of referencing is used (examples are given below). In the text give the author’s name followed by the year in parentheses: Smith (2000). If there are two authors write: Smith and Jones (2001); and if cited within parentheses write: (Smith and Jones 2001). When reference is made to a work by three or more authors, the first name followed by et al. should be used: MacDonald et al. (2002). In the reference list, references should be listed in alphabetical order.

In the reference list, cite the names of all authors when there are six or fewer; when seven or more, list the first three followed by et al. Do not use ibid. or op cit. Reference to unpublished data and personal communications should not appear in the list but should be cited in the text only (e.g. Smith A, 2000, unpublished data). All citations mentioned in the text, tables or figures must be listed in the reference list.

Authors are responsible for the accuracy of the references.

We recommend the use of a tool such as EndNote or Reference Manager for reference management and formatting. EndNote reference styles can be searched for here: Reference Manager reference styles can be search for here:

Journal article
Aumann, R. (1976), “Agreeing to disagree,” Annals of Statistics 4, 1236–39.

Kihlstrom, R., A. Mas-Colell, and H. Sonnenschein (1976), “The demand theory of the weak axiom of revealed preference,” Econometrica 44, 971–78.

Samuelson, P. A. (1972a), “The general saddle-point property of optimal-control motions,” Journal of Economic Theory 5, 102–20.

Samuelson, P. A. (1972b), “The consumer does benefit from feasible price stability,” Quarterly Journal of Economics 86, 476–93.

Online article not yet published in an issue
Berliant, M., and Fujita, M. (2009), 'Dynamics of knowledge creation and transfer: The two person case,' International Journal of Economic Theory doi: 10.1111/j.1742-7363.2009.00104.x

von Neumann, J., and O. Morgenstern (1944), The Theory of Games and Economic Behavior, Princeton: University Press.

Chapter in a book
McKenzie, L. W. (1960), “Mathematical methods in the socail sciences, 1959,” K. J. Arrow, S. Karlin, and P. Suppes, eds, Matrices with Dominant Diagonals and Economic Theory, 47–62, Stanford: Stanford University Press.

Footnotes should be numbered in the list and referred to in the text with consecutive, superscript Arabic numerals. Keep footnotes brief: they should contain only short comments tangential to the main argument of the paper and should not include references.

These should be placed at the end of the paper, numbered in Roman numerals and referred to in the text. If written by a person other than the author of the main text, the writer’s name should be included below the title.

Tables should be self-contained and complement, but not duplicate, information contained in the text. Number tables consecutively in the text in Arabic numerals. Type tables on a separate sheet with the legend above. Legends should be concise but comprehensive – the table, legend and footnotes must be understandable without reference to the text. Vertical lines should not be used to separate columns. Column headings should be brief, with units of measurement in parentheses; all abbreviations must be defined in footnotes. Footnote symbols: †, ‡, §, ¶, should be used (in that order).

All illustrations (line drawings and photographs) are classified as figures. Figures should be cited in consecutive order in the text. Figures should be sized to fit within the column (125 mm).

Line figures should be supplied as sharp, black and white graphs or diagrams, drawn professionally or with a computer graphics package. Lettering must be included and should be sized to be no larger than the journal text.

Figures must be supplied as high resolution (at least 300 d.p.i.) files, saved as .eps or .tif.

Figure legends. Type figure legends on a separate page. Legends should be concise but comprehensive – the figure and its legend must be understandable without reference to the text. Include definitions of any symbols used and define/explain all abbreviations and units of measurement.

Equations should be numbered sequentially with Arabic numerals; these should be ranged right in parentheses. All variables should appear in italics. Use the simplest possible form for all mathematical symbols.

It is essential that corresponding authors supply an email address to which correspondence can be emailed while their article is in production. Notification of the URL from where to download a Portable Document Format (PDF) typeset page proof, associated forms and further instructions will be sent by email to the corresponding author. The purpose of the PDF proof is a final check of the layout, and of tables and figures. Alterations other than the essential correction of errors are unacceptable at PDF proof stage. The proof should be checked, and approval to publish the article should be emailed to the Publisher by the date indicated, otherwise, it may be signed off on by the Editor or held over to the next issue.

If the corresponding author has a period of prolonged absence during the time between acceptance of the paper and its publication, he or she should arrange a co-author or colleague to check his or her email to correct and check the proof on his or her behalf, or advise the Production Editor of an alternative contact email address.

A free PDF offprint will be supplied to the corresponding author. A minimum of 50 additonal offprints will be provided upon request, at the author's expense. These paper offprints may be ordered online. Please visit, fill in the necessary details and ensure that you type information in all of the required fields. If you have queries about offprints please email

For more information, visit Wiley-Blackwell's web pages for manuscript submission and illustration submission.

Author Services enables authors to track their article, once it has been accepted, through the production process to publication online and in print. Authors can check the status of their articles online and choose to receive automated emails at key stages of production so they do not need to contact the production editor to check on progress. Visit for more details on online production tracking and for a wealth of resources, including FAQs and tips on article preparation, submission and more.

International Journal of Economic Theory is covered by our Early View service. Early View articles are complete full-text articles published online in advance of their publication in a printed issue. Articles are therefore available as soon as they are ready, rather than having to wait for the next scheduled print issue. Early View articles are complete and final. They have been fully reviewed, revised and edited for publication, and the authors’ final corrections have been incorporated. Because they are in final form, no changes can be made after online publication. The nature of Early View articles means that they do not yet have volume, issue or page numbers, so Early View articles cannot be cited in the traditional way. They are therefore given a Digital Object Identifier (DOI), which allows the article to be cited and tracked before it is allocated to an issue. After print publication, the DOI remains valid and can continue to be used to cite and access the article. More information about DOIs can be found at