• Environmental and Resource Economics Review
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• v.12 no.1
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• pp.75-90
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• 2003

In this paper we have shown that a Pigouvian tax is an adequate resolution of congestion externality to attain Pareto optimality using utility maximization. For this objective, taking an open access freeway as an example, we not only derived both marginal private benefit and marginal social benefit, but also assessed the divergence between marginal private benefit and marginal social benefit. As a result, we identified that the amount of a Pigouvian tax should be the same amount as the external time cost, which is the value of the marginal time cost to Individual a incurred by Individual b through freeway congestion. This Pigouvian tax coincides with the profit or wealth maximizing toll suggested by literature on the basis of profit maximization. In addition, because an open access freeway is accounted as common property resource, we proved that average social congestion cost is essentially equal to marginal private congestion cost in our model. Finally, we showed that the optimal value of trip derived in our model is the same as that generated on profit maximization approach.

• Proceedings of the Korea Water Resources Association Conference
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• 2011.05a
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• pp.102-102
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• 2011

다목적 댐이 사회경제적으로 많은 편익을 제공함에도 불구하고 댐에 대한 부정적인 여론이 만연하면서 댐의 사회경제적 편익에 대해서는 상대적으로 등한시 되어 왔다. 이러한 이유중 하나는 댐 운영으로 인해 발생되는 사회경제적 효과에 대한 정량적 분석이 어렵기 때문이다. 다목적 댐 운영으로 인해 발생하는 중요한 효과는 잉여 수자원을 활용하여 사계절을 안정적으로 생활용수 및 공업용수를 공급할 수 있다는 것이다. 또한 최근 환경과 생태계에 대한 국민적 관심이 증가하면서 하천유지용수와 환경개선용수 등 다양한 용수의 수원으로서 댐의 역할이 증가하고 있다. 이외에도 댐 운영을 통해 얻어지는 수력발전은 온실효과 저감에 기여하고 있다. 본 연구는 다목적 댐 운영으로 발생하는 용수공급 및 용수활용의 경제적 가치를 추정하여 다목적 댐의 사회경제적 기여효과를 정량적으로 제시하였다.

• Journal of the Korean Recycled Construction Resources Institute
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• v.12 no.2
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• pp.222-228
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• 2024

This study aims to anal yze the social benefits of introducing a sel ective demol ition system for buil dings. Incremental revenue, incremental cost, and incremental profit for the entire nation were derived based on the calculated costs and revenues of selective demolition for a 2,400 m² apartment complex. In conducting selective demolition on a 2,400 m² building, the increase in demolition construction costs, the reduction in waste disposal costs due to the decrease in mixed waste, and the revenue obtained from recycling separated and sorted waste were comprehensively reviewed. It was calculated and analyzed that, compared to general demolition work, a total cost-saving effect of 34,727,000 KRW could be expected. Extrapolating this to the entire nation, based on the year 2020, which had the highest construction waste generation, it is estimated that the social benefits would amount to 746,782,886,000 KRW.

• Proceedings of the Korea Water Resources Association Conference
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• 2015.05a
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• pp.120-120
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• 2015

기후변화에 대비한 지속가능한 물 관리를 위해 첨단 ICT를 물 관리에 접목한 스마트워터그리드(Smart Water Grid)가 미래 사회의 새로운 패러다임으로 제기되고 있다. 스마트워터그리드를 활용한 안정적인 물공급을 위해서는 다양한 수자원 확보가 필수적이다. 본 연구에서는 스마트워터그리드의 편익을 산정하기 위하여 조건부가치평가법을 이용하여 스마트워터그리드 사업을 추진하는데 소요되는 비용과 이를 통하여 생기게 될 경제적 상황을 설명하면서 응답자들에게 기꺼이 추가적으로 지불하고자 하는 금액에 대해 질문하였다. 조사로부터 얻은 정보를 활용하여 과학적인 통계적 분석을 수행함으로써 평균 지불의사를 추정하고 이를 스마트워터그리드 편익으로 산정하였다. 추정결과 2014년 10월 기준으로 스마트워터그리드에 대한 추가지불의사액은 3,514원(원/가구/년)이고 2013년 12월 기준 불변가격으로 환산하면 3,221원(원/가구/년)으로 추정되었다. 2013년 12월 불변가격 기준 스마트워터그리드의 연간 편익은 59,452백만원으로 추정되었다.

• Proceedings of the KSR Conference
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• 2011.05a
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• pp.1300-1305
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• 2011

Environmental Impact is getting more attention in many feasibility studies for railroad-related projects and research items. For sustainable growth and green transportation, the benefits typically used for feasibility studies in railway-related projects, are composed mostly of economic criterions which is not considering growing attention on changing paradigm. Based on the analysis of current methodologies, improvements in estimating environmental impact especially on noise and pollution are suggested.

• Clean Technology
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• v.26 no.3
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• pp.168-176
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• 2020

The introduction of the Korea toxics use reduction (TUR) program to build a clean society is generally evaluated based on social economic criteria. Among various techniques, benefit-cost analysis is the most commonly used. This method is focused on the calculation and comparison of all the benefits and costs attributable to the TUR program. However, since it is reasonable to consider not only economic criteria but also policy criteria in the process of evaluation, it is necessary to reflect on the criteria weights found in the benefits and costs. This study aims at developing a new evaluation technique to achieve this purpose and apply it to the Korean TUR program to be implemented in 2020. This study selected competitiveness, toxic substances' emission reduction ratio, and health improvement as policy criteria. The Analytic Hierarchy Process (AHP) technique was initially used to calculate the weight and then, based on the results, the concept of information entropy introduced by Claude Shannon was used to eliminate subjective bias. As a result of the study, it was found that the revised benefit-cost analysis considering the weights of the policy criteria, as well as the existing economic criteria, could be a reasonable alternative in evaluating the feasibility of TUR regulations for highly toxic substances.

• Environmental and Resource Economics Review
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• v.31 no.4
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• pp.505-529
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• 2022

Radon is a radioactive gas that causes lung cancer deaths. The contingent valuation method (CVM) is used to estimate the value of a statistical life(VSL) of 2.054 billion won for the death due to residential radon in Korea. Residential radon is assumed to have caused 2,330 deaths in 2020, of which the estimated social cost is 4.78 trillion won. When a national compulsory standard of 200Bq/m³ is set for residential radon concentration, the number of lives saved is estimated to be 691, leading to a social benefit of 1.42 billion won. This study reports the origin, characteristics and health risk of residential radon, and emphasizes the importance of a dramatic increase in the budget for residential radon reduction policies.

• Journal of Korea Port Economic Association
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• v.33 no.3
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• pp.17-34
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• 2017

This study aims to analyze the freight transport demand and benefit for the introduction of an automated freight transport system focusing on the Global Industry and Logistics City (GILC) in Busan. In pursuit of this aim, four alternatives were calculated - using the freight volume estimating methods and included, the number of businesses, the number of employees set up, future estimated cargo volume, and switched volume from other transport modes into the GILC. Economic benefits were analyzed against social benefits and costs accordingly. The result of the freight transport demand forecast found, the cargo volume of "Alternative 2-1" to be the most advantageous, applying the number of employee unit method and proportion of employees in Gangseo-gu, Busan. In addition to the conventional analysis of direct benefit items (reduction of transport time, traffic accidents and environmental costs), this study also considered additional benefit items (congestion costs savings, and road maintenance costs in terms of opportunity cost). It also considered advanced value for money research in guidance on rail appraisal of U.K, Federal Transport Infrastructure Plan 2003 of Germany, and RailDec of the United States. The study aims to further contribute to estimating minimum cargo transport demands and assess the economic feasibility of the introduction of new intermodal automated freight transport systems in the future.

• Environmental and Resource Economics Review
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• v.24 no.1
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• pp.85-107
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• 2015

This study analyzes the effect of applying hyperbolic social discount rate onto the results of benefit-cost analysis of environmental public investment projects in Korea. In order to check the application possibility to the actual feasibility study, the discount factors generated by hyperbolic function, rather than traditional exponential one, would be applied to the benefit and cost data from the pre-feasibility studies which peformed for environmental public investment projects. The results of this study shows that using hyperbolic social discount rate is effective for enhancing test results, only under the condition of which the full expansion of the time periods of analysis is satisfied. According to the simulation results of this study, to achieve higher benefit/cost ratio by using hyperbolic social discount rate, the period should be increased up to 120 to 150 years at least.

• Korean Journal of Social Welfare
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• v.57 no.2
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• pp.297-320
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• 2005

This study was attempted to give aids in making 'the Disability Discrimination Act' by estimating the potential Cost-Benefit in case that the discrimination on the disabled is removed. The potential benefits from this Disability Discrimination Act are calculated considering the income increase of the people with disabilities from additional employment for them and the decrease of employment levies and the public assistance benefits. The potential cost was made focusing on the following 2 expenses- the extra expenditures that the owners of companies had to invest from the employment of the disabled and the managing expenses for correcting discrimination organizations. As the result of this estimation, the potential net present value under the 7% discount rate is very high as 12,700,301 million won and the cost-benefit ratio is also great as 96.8. The consequence of the sensitive analysis in changing the discount rate also does not have great changes. As the result of these estimating results, it is known that when the discrimination is solved by the 'Disability Discrimination Act', the pure benefit of our society will become tremendous. After all, it could be said that the need for 'the Disability Discrimination Act' is emphasized and should be emphasized.