• Title/Summary/Keyword: Air Price

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An Effect of Air Quality on the Apartment Prices in Seoul: Using Hedonic Price Method (서울시 아파트 가격에 대한 대기질의 영향 - 헤도닉 가격기법을 이용하여 -)

  • Choe, Jong Il;Sim, Sung Hoon
    • Environmental and Resource Economics Review
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    • v.11 no.2
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    • pp.261-278
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    • 2002
  • Based on the hedonic pricing method, this paper investigates the effect of air quality on the apartment price in Seoul. The empirical results show that both the structural variables such as years of construction, heating system, and size of apartment complex and accessability variables such as distances to subway station and parks provide statistically significant effects on the price of apartment, Especially, the dendity of sulfurous acid gas ($SO_2$) and ozone ($O_3$) in the air, indicating air quality, negatively affect the price of apartment, This implies that as the condition of air quality to become worse, apartment price decreases, Therefore, when the degree of aversion of apartment residents against the air pollution affects the formation of apartment's market price, the MWPT(Marginal Willingness to Pay) in order to improve the air quality 10% has been estimated as 36,000~39,000Won per month.

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Estimating Price Elasticities of Domestic Air Transport Demand by Stated Preference Technique (Staled Preference 방법론에 의한 국내선 항공수요의 가격탄력성 추정)

  • 이성원;이영혁;박지형
    • Journal of Korean Society of Transportation
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    • v.18 no.1
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    • pp.27-34
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    • 2000
  • This study analyzes the price elasticities of airline Passenger demand through the 'Stated Preference' technique which uses survey data. Because the domestic airfare has been regulated by the government. it is not easy to derive Price elasticity through the usual regression analysis with aggregate data and thus a special methodology is required for elasticity estimation. Therefore, in this study we estimated the Price elasticities of domestic air passenger demand and the modal share change rates to the alternative modes with logit model and sample enumeration method, by analyzing the survey data on air Passengers' demand behavior about the mode choice between air-rail. air-bus, and air-car. As the results, the estimated price elasticities are in the range of -0.6~-0.9, and rail is mainly chosen as an alternative mode. bus is chosen Partly, and car is barely used.

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The Effects of Locational Point Representation of Apartment Complexes on Hedonic Valuation of Air Quality (공동주택 위치표현 방법이 대기질의 한계잠재가격 측정에 미치는 영향)

  • Chul Sohn
    • Journal of the Korean Geographical Society
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    • v.38 no.6
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    • pp.949-960
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    • 2003
  • The marginal implicit price of air quality can be measured by taking a partial derivative of hedonic price function (HPF) with respect to the level of air quality. It has been pointed out that the size of the marginal implicit price varies with the use of different function forms, different estimation methods, and the different ways of measuring air quality level in estimating HPF. In addition to these factors, this study shows theoretically and empirically the way housing properties are represented on a digital map could differentiate the size of marginal implicit price of air quality when GIS is used to measure location attributes of the housing properties in the Korean apartment market. Furthermore, this study shows that the degree of difference in the marginal implicit price due to the manner in which housing properties are represented on a digital map can be larger than the degree of difference in the marginal implicit price due to using different function forms and estimation methods. The major implication from the results of this study is that one should carefully try diverse ways of representing housing properties in the Korean apartment market on a digital map in the process of estimating HPF, as he or she usually tries diverse function forms and estimation methods, to see if the value of the marginal implicit price of air quality varies substantially.

Causes of Air pollution and Effects of Mitigation Policy in Korea (우리나라 대기오염배출 원인과 저감 정책 효과 분석)

  • Bae, Jeonghwan;Kim, Yusun
    • Environmental and Resource Economics Review
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    • v.25 no.4
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    • pp.545-564
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    • 2016
  • Recently as fine and ultra fine particles become major environmental issues in Korea, it is very important to develop effective solutions to air pollution. Accordingly this study aims at detecting causes of air pollution by using models and examining if diesel price increases contribute to reduction of diesel consumption and air pollution. TSP, PM10, $NO_X$, $SO_X$, CO, and VOC are included as major air pollutants. As a result, we found invert U shape curve between pollution and income for all air pollutants except CO. Consumer price index, coal power capacity, diesel consumption, frequency of yellow dust, number of natural gas buses, number of transport business, annual average temperature, number of manufacturing businesses are also influential in explaining causes of air pollution. As diesel price increases by 1%, air pollutants decline between 0.07~0.12% in the short run. Simultaneously, the additional revenue from increases in diesel prices might be transferred to support expansion of biofuel market. Also, stronger policy should be developed to mitigate the current air pollution problem.

Electric Scooter Purchase Intentions: The Influence of Environmental Concern, Price Consciousness, and Social Norms

  • Yann-Jy Yang;Chih-Chien Wang
    • Journal of Information Technology Applications and Management
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    • v.30 no.5
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    • pp.21-40
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    • 2023
  • Scooters are a popular way to get around on your own in many places, such as Taiwan, India, Thailand, etc., because they are easy to move around in, small, and cheaper to buy than cars. On the other hand, traditional scooters that run on fossil fuels put some pollution into the air and add to problems like global warming and air pollution. Switching from scooters that run on fossil fuels to electric scooters can help clean up the air in cities with much pollution. To promote the use of electric scooters, it's important to know how consumers feel about them. The current study investigates consumers' purchase intentions for electric scooters. Based on the questionnaire survey results (n = 567), we found that consumers' environmental concerns, price consciousness, and perceived subjective norms are associated with electric scooter purchase intention. Consumers with price consciousness may choose fossil-fuel-powered scooters because they consider electric-powered scooters more costly, although environmentally friendly. The study gives researchers and practitioners a glimpse into consumers' environmental concerns and subjective norms for a sustainable product.

A Study on the Timing and Method of the Final Price of Air Ticket in Computerised Booking System (인터넷 항공권 예약시스템에서의 '최종가격' 표시시기와 방법 - 2015년 1월 15일 EU사법재판소 C-573/13 판결을 중심으로 -)

  • Sur, Ji-Min
    • The Korean Journal of Air & Space Law and Policy
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    • v.32 no.1
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    • pp.327-353
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    • 2017
  • The issue submitted to the Court of Justice on the merits of case C---573/13 originated from a claim brought in the context of a dispute between Air Berlin and the German Federal Union of Consumer Organisations and Associations. The challenge concerned the way in which air fares were displayed in Air Berlin's computerised booking system. The system was organised in such a way that, after selecting a date and a departure airport, one would find all possible flight connections in a summary table. However, the final price of the ticket was displayed only for the clicked connection, and not for all connections, thus preventing customers from being able to compare such price with the prices of other connections. The German Federal Union took the view that this practice did not meet the requirements laid down by Article 23 of Regulation (EC) No. 1008/2008, which requires transparency in the prices set for air services. This led the German State to bring an injunctive action to cause Air Berlin to discontinue said practice. The claim was upheld at both the application and appeal stage of the relevant proceedings. Subsequently, Air Berlin submitted the matter to the German Federal High Court, which decided to stay the proceedings and ask for a preliminary ruling from the Court of Justice as to 1. whether Article 23 of Regulation (EC) No. 1008/2008 must be interpreted as meaning that, during the computerised booking process, the final price to be paid must be indicated at all times when prices of air services are shown, including when they are shown for the first time; and 2. whether, during the computerised booking process, the final price must be indicated only for the air service specifically selected by the customer or for each air service shown. In a nutshell, the Court, by the here---discussed judgment determined that Article 23 of Regulation (EC) No. 1008/2008 must be interpreted as meaning that, in the context of a computerised air ticket booking system, the final price to be paid must be indicated not only for the air service specifically selected by the customer, but also for each air service in respect of which the fare is shown. Clearly the above judgment will place air companies under an obligation to update and adjust (when needed) their computerised ticket booking and payment systems, in consideration of the primary need for consumers to be aware at all times of the actual price payable for a ticket and be able to compare the price of the service selected with the prices for other air services in respect of which the fare is shown.

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Reconfiguration of the Power Mix in Korea with the Introduction of Shale Gas and Analysis of Its Impact on Atmospheric Environment (셰일가스 도입으로 인한 전원믹스 재구성 및 환경 영향 분석)

  • Choi, Narae;Yeo, Minjoo;Kim, Yong Pyo
    • Particle and aerosol research
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    • v.10 no.1
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    • pp.19-25
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    • 2014
  • In line with the expected price reduction of natural gas associated with the introduction of shale gas, it is expected that the optimal power mix for the electric power generation be changed. In this study, the reconfigured power mix is estimated with the varying natural gas price by using the Screening Curve Method (SCM). It is found that about 3% and 9% coal in the overall power mix is replaced with natural gas if the natural gas price falls 20% and 40% of the current price, respectively. It is also found that the reconfigured power mixes would provide the reduction of the emissions of air pollutants which are equivalent to 369 and 807 MUS$.

An Empirical Analysis on the Price Effects of Fuel Surcharge Collusion in Air Cargo Industry (항공화물 유류할증료 담합의 가격효과에 대한 실증분석)

  • Sonn, Yang-Hoon;Jeong, Jinook
    • Environmental and Resource Economics Review
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    • v.22 no.4
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    • pp.727-757
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    • 2013
  • This paper estimates the effects of Air Cargo companies' fuel surcharge collusion on the final airfreight prices. We show that the final prices have not been generally higher than the 'but-for prices,' and even been significantly lower for some companies. We analyze the possible reasons for such findings, and conclude that the collusion on fuel surcharges has not been successful due to the oil price hike in the cartel period. We also find that the oil price elasticities of fuel surcharges are significantly lower than 1.

A Study on Optimizing Zinc-Air Batteries Using M&S (M&S를 이용한 아연-공기전지 최적화 연구)

  • Lee, Jae-In
    • Journal of the Korea Institute of Military Science and Technology
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    • v.17 no.5
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    • pp.688-693
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    • 2014
  • Zinc-air batteries which has various merits in the aspect of energy density, power density and price relative to lithium based second batteries were extensively investigated recently. To develope and optimize these zinc-air batteries, the method of M&S is so efficient solution to reduce price and time. Therefore, in this paper, after executing mathematical modeling, I optimized the zinc-air battery through the simulation and make bolt-cell and discharge it to compare with simulation result. As a result, predictions are well agreed with experimental results.

Flight Test of GPS/INS Navigation System for Air Navigation (공중항법을 위한 GPS/INS 비행시험)

  • Yoo, C.S.;Ahn, I.K.;Lim, C.H.;Lee, S.J.;Ahn, I.K.;Nam, G.W.
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.10 no.1
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    • pp.35-44
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    • 2002
  • Inertial Navigation System(INS) has been used in the field of air navigation for a long time but is not popular in general aviation due to high price. Recently low-price GPS is available but vulnerable to radio interference. As an alternative on these problems, GPS/INS integrated navigation system has been considered. GPS/INS is capable of implementing navigation with low-price inertial sensors but its accuracy is dependent upon how much drift of INS may be calibrated by using GPS. In order to apply GPS/INS to air navigation, it must be investigated how long drift of INS in case of no GPS aiding will be bounded within requirements for safe flight. From the above motivation, the flight test for GPS/INS navigation system was conducted in order to make sense its performance in air navigation and its result was shown.

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