• KDI Journal of Economic Policy
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• v.36 no.4
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• pp.1-32
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• 2014

Auction is widely used in allocation and procurement of resources due to its desirable properties: efficiency and revenue maximization. It is well-known, however, that auction may fail to achieve efficiency when allocative externalities exist. Such a result may happen in the auction of the resources that are very scarce, for example, radio spectrum. This is because allocation of the resources has effects on competition of the firms in the aftermarket, and thus a firm that utilizes the resources less efficiently may make a higher bid to lessen competition. This paper shows first that efficient allocation may not be achieved by auction even when the number of bidders is 2, while it is shown in the literature that auction may result in inefficient allocation when the number of bidders is greater than or equal to 3. There exist 2 firms, who make a bid to win the scarce resources that increase the value or decrease the production cost of their own product. After the auction ends, the firms engage in Bertrand competition on the Hotelling line. Inefficient allocation may happen even under the second-price auction rule, and it happens only when the firms are different in the initial value or the initial cost of their products as well as in the value of the auctioned resources. The firm who has been the leader loses a large portion of the market if it fails to win the auction, and thus makes a high bid even when the other firm can use the resources more efficiently. Allocative efficiency Pareto improves when the smaller firm's bid counts more than the leader's bid. This paper suggests a modified rule that the smaller firm wins the auction when its bid multiplied by some constant is greater than the leader's bid. The multiplier can be calculated from the market shares. It is equal to 1 when the two firms are the same, and is increasing in the leader's market share. Allocation is efficient in a strictly larger set of parameters under the modified rule than under the standard second-price auction rule.

• Proceedings of the Korean Society of Computer Information Conference
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• 2017.07a
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• pp.392-393
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• 2017

본 연구에서는 에너지 저장시스템인 ESS 에너지 분배에 관한 시스템을 설계 및 제작하고 성능을 평가하였다. ESS에 충전하는 방법은 현재 기존의 상용전원을 전지에 충전하는 방식과(연계형) 태양광 에너지를 이용한 방법(독립형)으로 나누어져 있다. 본 연구에서는 어느 한쪽을 선택해야하는 번거로움을 줄여 상용전원과 태양광을 동시에 충전할 수 있는 시스템으로 설계하였다. 이러한 방법은 날씨 및 기타 외부적 환경이 좋지 않을 경우 일반 상용전원(AC 220V)를 이용하며 외부적 환경이 좋을 때는 태양전지로 충전이 가능하도록 연계형과 독립형이 동시에 가능하도록 구성하였다. 또한 출력에서 기존의 AC 220V 출력뿐만 아니라 DC12V, 24V의 전압과 USB(5V)도 동시에 출력이 가능하게 설계하므로 필요한 전압을 외부의 인버터나 컨버터가 필요 없이 바로 사용할 수 있도록 배분하였다. 따라서 본 연구에서는 ESS의 전력을 효율적으로 배분하므로 효율성을 증가시키고 내부의 배터리를 보호하는 시스템을 구성하여 그 성능평가를 실시하였으며 실험결과 효율적으로 배분된 전력을 얻을 수 있음을 검증하였다.

• KDI Journal of Economic Policy
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• v.34 no.2
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• pp.17-40
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• 2012

We study externality costs of capital investment under limited commitment. We solve for the constrained efficient allocation with a limited commitment environment and find positive externality costs of capital investment provided that full-risk-sharing is not feasible. In a decentralized version of limited commitment environment, a one unit increase of capital investment by an agent increases all individuals' autarky values in the economy and generates externality costs in the economy. This externality cost provides a rationale for positive capital taxation even in the absence of government expenditure. In order to internalize this costs, the government use a positive rate of linear capital tax in the decentralized economy.

• Journal of Korean Society of Transportation
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• v.21 no.4
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• pp.113-132
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• 2003

Using nonradial data envelopment analysis(DEA) under assumptions of strong disposability and variable returns scale, this paper annually estimates productive. technical and allocative efficiencies of three publicly-owned rail transit properties which are different in terms of organizational type: Seoul Subway Corporation(SSC, local public corporation), the Seoul Metropolitan Electrified Railways sector (SMESRS) of Korea National Railroad(the national railway operator controlled by the Ministry of Construction and Transportation(MOCT)), and Busan Urban Transit Authority (BUTA, the national authority controlled by MOCT). Using the estimation results of Tobit regression analysis. the paper next computes their true productive, true technical and true allocative efficiencies, which reflect only the impacts of internal factors such as production activity by removing the impacts of external factors such as an organizational type and a track utilization rate. And the paper also computes an organizational efficiency and annually gross efficiencies for each property. The paper then conceptualized that the property produces a single output(car-kilometers) using four inputs(labor, electricity, car & maintenance and track) and uses unbalanced panel data consisted of annual observations on SSC, SMESRS and BUTA. The results obtained from DEA show that, on an average, SSC is the most efficient property on the productive and allocative sides, while SMESRS is the most technically-efficient one. On the other hand. BUTA is the most efficient one on the truly-productive and allocative sides, while SMESRS on the truly-technical side. Another important result is that the differences in true efficiency estimates among the three properties are considerably smaller than those in efficiency estimates. Besides. the most cost-efficient organizational type appears to be a local public corporation represented by SSC, which is also the most grossly-efficient property. These results suggest that a measure to sort out the impacts of external factors on the efficiency of rail transit properties is required to assess fairly it, and that a measure to restructure (establish) an existing(a new) rail transit property into a local public corporation(or authority) is required to improve its cost efficiency.

• KDI Journal of Economic Policy
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• v.30 no.2
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• pp.27-59
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• 2008

This paper empirically investigates the finance-growth linkage in Korea by utilizing firm-level data of manufacturing industries before and after the 1997 financial crisis. We find that, first, an increase in external finance is associated with a faster subsequent capital accumulation of firms. However, this capital accumulation channel became relatively attenuated after the crisis. Second, the total factor productivity growth effect of external finance has been considerably weak both before and after the crisis. Third, the information production and industry restructuring effects of external finance have also remained weak after the crisis. The limited role of external finance in post-crisis Korea partially reflects sluggish corporate investment and weakening dependence of good credit firms on external finance. The evidence suggests that, in order to effectively sustain economic growth, further reform efforts may be required to strengthen resource allocation and corporate restructuring roles of financial markets and institutions.

• Proceedings of the KAIS Fall Conference
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• 2008.05a
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• pp.215-217
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• 2008

RFID 시스템은 향후 바코드를 대체하고 우리 생활 전반에 걸쳐 사용될 획기적인 시스템 이지만 태그의 정보가 외부에 노출될 경우 심각한 문제가 발생 할 수 있다. 본 논문에서는 여러 보안 문제중 프라이버시 보호를 위해 RBAC 기반으로 리더의 권한을 배분하여 태그가 데이터를 선별적으로 전송하고 태그가 리더로부터 수신한 난수로부터 매 세션마다 비밀키 및 실시간으로 새로운 해쉬 함수를 생성하는 인증 프로토콜을 제안한다. 제안된 RBAC를 이용한 해쉬 기반 인증 프로토콜은 각종 공격에 대해 안전하며 연산을 최소화하여 다양한 적용성을 제공한다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.2
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• pp.356-373
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• 2017

The purpose of this study is to empirically analyze whether performance-oriented remuneration systems in public thermal power generation companies substantially induces organizational commitment of employees, and contributes to organizational performance. According to the study, adequacy of salary and individual work evaluation have significant effects on organizational commitment, whereas external and internal evaluations for pay-for-performance remuneration systems do not have a significant effect. Annual salary for performance and pay-for-performance systems have a significant influence on organizational performance. In addition, because annual salary and individual work evaluation of the performance-oriented remuneration system have significant effects on both the indirect effect, through organizational commitment, as well as the direct effect on organizational performance, there exists a partially mediated effect on organizational commitment. Conversely, because external and internal evaluations do not significantly affect organizational commitment, there is no means of verifying the mediating effect. Studies suggest that a fair annual salary system for performance employed in conjunction with a pay-for-performance system will provide positive impacts on organizational performance and employee loyalty.

• Journal of Korea Technology Innovation Society
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• v.11 no.2
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• pp.194-218
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• 2008

The public-private partnership concept can encompass a broad range of cooperative relations and a broad variety of programmes in terns of size, objectives and design. This paper aims to analyze the components of public-private partnership mechanisms in the context of science and technology innovation policy. The research methodologies are based on semi-structured interviews with policy makers in four countries with six PPP programme : the France, the Netherlands, the Australia and Austria. It also attempts to understanding of the components that explain the increase of collaboration between national innovation system and PPPs. The taxonomy and essential components of PPPs were identified : mission-oriented PP/Ps, market-Oriented PP/Ps, cluster-oriented PP/Ps, and ISRs-Oriented PP/Ps. The taxonomy of regulatory regime can be a reference point for identifying the relative status of Korea's PPPs.

• KDI Journal of Economic Policy
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• v.20 no.3_4
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• pp.175-222
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• 1998

본 논문에서는 우리나라 국방예산 운영의 국민경제적 파급효과에 대한 실증분석에 기초하여 국방예산 규모논쟁에 대한 검토, 지출구조의 개선방안, 그리고 지출구조 개성을 위한 국방부문의 효율화 방향을 제시하였다. 실증분석을 위해 Feder-Ram 2부문-외부효과모형에 기초하여 1970년대 이후 총국방비 운영유지비 방위력개선비 등 3가지의 국방부문 지표를 이용한 실증분석 결과, 방위력개선비가 국민총생산에 대해 유의한 정(正)의 효과를 갖는 것으로 나타났다. 총국방비의 경우 유의성이 없었으며, 운영유지비의 경우 유의한 부(負)의 효과를 갖는 것으로 나타났다. 국방예산 규모논쟁과 관련하여, 최근 GDP 대비 국방비 비중과 안보위협을 고려한 국가군별 비교 등을 통해볼 때, 지금까지의 우리나라 국방비규모의 상대적 비중이 하락하는 추세를 더 이상 기대하기는 어렵다고 보는 것이 현실적인 인식이라고 판단된다. 이제 국방예산 관련 논의의 초점은 상대적 규모를 포함하여 국방예산규모 자체보다는 국방예산의 지출구조와 내역에 맞추어져야 하고, 국방예산 운영의 낭비사례를 방지하고 효율성 투명성을 높여서 적절한 지출구조와 배분내역 방식을 이루는 것이 되어야 한다고 판단된다. 국방예산 지출구조의 개선을 위해서 투자비 성격의 방위력개선비 비중을 높이는 예산구조상의 개선이 매우 중요한 과제이다. 이를 위해 각종 경사경비에 대한 영점기준의 검토작업과 더불어 인력과 장비의 대체, 인력구조의 조정 등을 통해 기술집약형 전력구조를 지향하는 보다 근본적인 구조조정노력이 이루어져야 할 것이다. 미래전 양상에 대비한 군 첨단화의 핵심인 해상방위력 및 항공력 증강 등이 필수적이며, 지상군 위주에서 상대적으로 해 공군 중심의 군 구조로 개선되어야 할 것이다. 구조개선의 완급조절과 군별배분의 수평적 구조개선을 통해서 예산규모의 커다란 증대 압력 없이 추진 할 수 있는 구조개선은 시급히 실현되어야 할 것이며, 구조조정 재원의 상당부분은 군 내부의 낭비사례를 막고 생산성을 획기적으로 제고해서 확보할 수 있어야 할 것이다. 국방예산 운영의 효율성 투명성 제고를 위해서는 군 내부 자원관리기능이 강화되어야 하고, 군조직 운영에 있어서도 민간부문에 상응하는 경영효율성 개념의 과감한 도입이 요구된다. 지금까지의 '국방전력 극대화'를 위한 군인중심의 획일적 폐쇄적 군조직 운영에서 벗어나 조직 인사 예산 운영 전반에 걸친 경영혁신이 이루어져야 한다. 국방부문에 경영효율성 개념을 도입하여 경영혁신을 이루어나가는 주요 정책방향은 일부 기능 조직의 민영화 및 민간위탁의 확대, 민간전문인력의 활용도 제고, 자율적 책임경이 필요한 부문을 대상으로 한 "책임경영사업소(Agency)제도"의 도입 등이다. 또한 유사기능을 갖는 조직과 각군별로 별도로 설립되어 중복되는 기능을 수행하는 기관을 통폐합해야 할 것이다.

• Korean Journal of Poultry Science
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• v.41 no.2
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• pp.99-104
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• 2014

The objective of this study is to analyze the production of extra-large egg and assess the impacts of exogenous factors in feeding the layer chicken. The main results of this study are as follows; First, feeding rations on the basics of statistics, internal maximum and minimum temperature and, the age at first egg affect the production of extra-large egg. Second, implicating the standardized coefficients from the conclusion of regression model estimating suggest that the amount of feed has the greatest impact on production followed by the age at first egg. Third, by using the elasticity of output and the volatility in the production, the result suggest that among the independent variable factors in the external volatility, the biggest one goes to feed ration, and the age at first egg follows. In order to control the production volatility in the extra-large egg production of the farms, it is necessary to manage an efficient feeding based on feed ration, age at first egg and, the maximum and minimum temperature inside the farm. Taken together, the results demonstrates that it should be concentrated by controlling the exogenous factors affecting extra large egg production and the management system construct, to increase extra-large egg production and the income of farmers at the same time.