• Environmental and Resource Economics Review
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• v.26 no.1
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• pp.85-101
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• 2017

The objective of the Nagoya Protocol is to enhance biodiversity by the mean of economic incentives but there has been yet consistent lack of realized contracts between genetic resource users and holders due to the asymmetric information among the parties. This paper presents a principle-agent model to provide optimal contracts under asymmetric information in order to achieve the sustainable biological resource. The model concludes the royalty contracts over the fixed lump-sum benefit transfer as profit sharing mechanism.

• Information Systems Review
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• v.24 no.4
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• pp.77-96
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• 2022

Live commerce has recently received substantial attention due to the spread of the non-face-to-face consumption culture driven by the COVID-19 pandemic. Live commerce has a higher purchase conversion rate than other forms of commerce. Accordingly, the likelihood of impulse buying in a live commerce environment is expected to be high. However, there is a shortage of research on consumer impulse buying in the live commerce environment. This study designs a scenario-based experiment using the integrated model of consumption impulse formation and enactment. Through this method, this study validates the influence of the characteristics of live commerce (i.e., vicarious experience and real-time interaction) on consumers' likelihood of impulse buying and further examines the moderating role of a live commerce host feature (i.e., professionalism) in these relationships. The results of this study confirm that both vicarious experience and real-time interaction have a positive effect on consumers' likelihood of impulse buying and that professionalism strengthens the impact of vicarious experience on the likelihood of impulse buying. This study's scenario-based experimental design is meaningful because it analyzes the likelihood of impulse buying in the context of live commerce shopping. Additionally, it provides live commerce service and platform providers with practical insights into how to maximize profits and operate services more efficiently.

• Journal of Environmental Policy
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• v.9 no.2
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• pp.57-81
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• 2010

Recently, labor unions' active participation in social issues is drawing people's attention as their concerns are expanding from the conventional wage raise and employment to others such as the environment and poverty eradication. This derives from the notion that a trade union with bargaining power is also an economic agent responsible and able to take a positive role in social issues. This paper explains through a micro economic analysis model that labor union movements can also contribute to social issues such as the global environment. Based on the international oligopoly trade theory, the study analyzes the principal-agent model whereby firms and labor unions pursue their strategic choices based on their interest and influence the implementation of regulatory policies on pollution emission. The analysis confirmed that labor unions' bargaining power and international cooperation are influential in alleviating global pollution emission and in improving social welfare. This conclusion could be presented as a basis for arguing for and requesting the participation and cooperation of labor unions to solve environmental problems discussed at WILL 2006.

• Journal of the Economic Geographical Society of Korea
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• v.13 no.3
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• pp.457-469
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• 2010

The study aims to estimate interregional trade coefficient of service industry using the gravity model. The gravity model has been widely used for prediction of the level of human interaction between two regions which is positively related to attraction of them and negatively related to the distance between them. To apply the gravity model for explaining the interregional trade flow of service industry, the choice of proper proxy variables which represent a dependent variable and independent variables is most important. However, the literature shows that there are few studies on this issue. Four models concerned to the choice of proxy variables are considered. Finally, this paper employs the least-squares regression analysis to test the model's goodness-of-fit, and suggests the most appropriate model based on the result from the analysis. The result shows that the interregional trade of service industry in regional input-output table developed by The Bank of Korea is desirable as a dependent variable, the service industry output of export region, the population of import region, and the spatial distance between regions are desirable as independent variables.

• Proceedings of the Korean Institute of Industrial Safety Conference
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• 1999.06a
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• pp.169-174
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• 1999

우리나라에 철도가 도입된 역사는 개화초기인 구한말 고종 26년에 주한대리공사 이 하영이 귀국시 외국의 기차모형을 우리나라에 소개하면서 우리나라에 철도가 처음 소개되었으며, 지속적으로 철도기술의 발전을 추진한 결과 1998년 현재 철도총연장은 3,101km, 1일 열차운행횟수는 2,685대, 수송력은 여객의 경우 2,240,000명, 화물의 경우 160,000ton에 이르고 있다. 아울러 현재 기존 철도의 물동량 수송정도가 포화상태에 접어들면서 현재 활발하게 건설중에 있는 경부고속철도를 위시하여 계획단계에 있는 호남고속철도, 동서고속철도 등 철도기술은 나날이 발전을 거듭하고 있다. (중략)

• Journal of Korea Water Resources Association
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• v.56 no.5
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• pp.337-345
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• 2023

Monitoring river microplastics is a challenging task since it is a time-consuming and high-cost process. The use of a physical model to have a better understanding of river microplastics' behaviors can complement the challenging monitoring process. However, there have been very limited studies on modeling river microplastics. In this study, therefore, we evaluated the applicability of one commonly used river water quality model, i.e., the Water Quality Analysis Simulation Program (WASP), in simulating the microplastic concentration in the river environment. We simulated the microplastic concentration in the Anyangcheon stream using the WASP's biochemical oxygen demand (BOD) and suspended solid (SS) variables as possible surrogate variables for the microplastics. Simulation analyses indicate that the SS state variable performs better than the BOD state variable to mimic the observed concentrations of microplastics. This is because of the characteristics of each water quality parameter; the BOD variable, a biochemical indicator, is inappropriate for modeling the behaviors of microplastics, which have generally constant biochemical features. In contrast, the SS variable, which has similar physical behaviors, followed the observed patterns of the microplastic concentrations well. To build a more advanced and accurate model for simulating the microplastic concentration, comprehensive and long-term monitoring studies of the river microplastics under different environmental conditions are needed, and the unit of microplastic concentration should be carefully addressed before its modeling application.

• Management & Information Systems Review
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• v.30 no.3
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• pp.217-239
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• 2011

The paper explores how corporate payout polish depends on managers' stock-option value. Specifically, this paper examine the relationship between managers' stock-option value and the ratio of stock repurchase, and analyze the relationship between price-incentive intensity of managers' stock-option and the ratio of stock repurchase. The hypotheses mentioned above are empirically tested using 137 firms listed on the Korean Exchange(KRX). OLS and Tobit regression method are used to above hypotheses. The results of this paper are as follows: First, as managers' stock option value increases, future the ratio of stock repurchase increase. Second, as the price-incentives intensity of managers' stock option increases, the patio of stock repurchase also increase. Overall, The above results imply that managers with stock option prefer stock repurchase over cash dividends to increase private benefits.

• Management & Information Systems Review
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• v.34 no.3
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• pp.61-78
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• 2015

The purpose of this study is to analyze the impact of cash holdings on internationalization of listed manufacturing firms. We explore moderating effect of managerial ownership between cash holdings and internationalization of firms. We analysed cross-sectional data of 645 listed companies from 2000 to 2013 using the fixed effects estimation. Empirical results showed that the there was a positive significant relation between cash holdings and internationalization of firms This study also found that managerial ownership have a significant negative moderating effects in the pathway between cash holdings and internationalization Cash liquidities can be rapidly induced internationalization. Managerial ownership increase agency cost, therefore, it might have a negative effects on internationalization These results suggest that agency cost with cash holdings is very important for cash management.

• Journal of Korea Technology Innovation Society
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• v.22 no.3
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• pp.446-474
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• 2019

In conjunction with securing R&D competitiveness through technology convergence, there is a growing interest in the strategy to derive innovation based on the measurement of convergence. In this paper, we present a data-based model that suggests convergence strategies for the research projects of government research institutes (GRIs) in Korea. The convergence characteristics of the research projects are represented by inherent attributes of technology and behavioral attributes of actors. The measuring process of the proxy variables (Rao-Stirling and Herfindahl-Hirschman Indices) for each attributes are proposed. These two indices are used to construct the convergence diagram, through which the research projects of GRIs are distributed into four areas: AllianceIntra, Alliance-Inter, Competition, Mission-Oriented. Based on the convergence diagram proposed in this study the convergence index is measured to derive 30 convergence research areas of GRIs. As a result, we expect to provide appropriate guidelines for setting the policy direction of the convergence research projects.

• Journal of the Korea Society for Simulation
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• v.20 no.4
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• pp.41-48
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• 2011

The act of writing a unit test is more an act of design than of verification. It is also more an act of documentation than of verification. The act of writing a unit test closes a remarkable number of feedback loops, the least of which is the one pertaining to verification of function. Unit testing is a fundamental practice in Extreme Programming, but most non-trivial code is difficult to test in isolation. Normal unit testing is hard because It is trying to test the code from outside. On the other hand, developing unit tests with Mock Objects leads to stronger tests and to better structure of both domain and test code. In this paper, I first describe how Mock Objects are used for unit testing of federation integration. Then I describe the benefits and costs of Mock Objects when writing unit tests and code. Finally I describe a design of Mock federate for using Mock objects.