• Asia pacific journal of information systems
• /
• v.23 no.2
• /
• pp.67-86
• /
• 2013

This study first provides a stylized model that captures the essential features of the SC (Social Commerce) business and the competition process. The model focuses on the relationship between key decision issues such as marketing inputs and market value. As more SCs join the industry, they are inevitably faced with fierce competition, which may lead to sharp increase in the total marketing and advertising expenditure. This type of competition may lead the industry away from its optimal development path, and at worst, toward a disruption of the entire industry ecosystem. Such being the case, another goal of this study is to examine the possibility that the ToC (Tragedy of the Commons) may occur in the SC industry. We build game models, each of which assumes homogeneity and heterogeneity of SC providers, respectively, and derive explicit equilibrium solutions from both models. Our basic analysis presents Nash equilibria in both models and shows that SC providers are inevitably faced with fierce competition, which may lead to sharp increase in the total marketing expenses. We also compare the game outcomes with one with a hypothetical social planner who determines the total marketing level that optimizes the entire market value. Then, ToC can be defined to describe the situation where the total marketing efforts exceed the socially optimal level of marketing efforts. In both models, we examine the possibility of the ecosystem disruption and specify the conditions under which ToC may occur. However, the chance of avoiding ToC is higher with heterogeneous players than with homogeneous players. To supplement our analytical results, we develop a simulation model which incorporates a market dynamics based on the gap between actual marketing efforts and socially optimal marketing level. Simulation experiments present some lessons and insights which also confirm out findings from equilibrium analysis. For example, heterogeneity in SC providers alleviates the severity of ToC and makes it faster for survivors to escape from the ToC trap. As a result, the degree of industrial concentration tends to increase, which also explains the 'rich-get-richer' phenomenon observed in some empirical studies on the SC industry. Lastly, based on our analytical and experimental results, we come up with some measures to avoid ToC and overcome the shortcomings intrinsic to the current business model. And further discussions provide strategic implications and policy directions to overcome the possible trap of ToC in this ecosystem, and eventually help the industry to sustainably develop itself toward the next level. To name a few examples of policy measures, regulations on the marketing activities so that the overall marketing expenses cannot go beyond the socially optimal level; institutional guidelines and rules to straightening up the distortions in the way that SC providers view the marketing costs (the current marketing costs are underestimated, thereby encouraging SC providers to increase marketing expenditure); and so on.

• Korea Trade Review
• /
• v.41 no.2
• /
• pp.29-60
• /
• 2016

Research and Development(R&D) investment is an issue of central importance in any economy. In this paper we analyze the relationship between R&D spillovers and trade-related variables, using a two-stage model where duopolists simultaneously decide on R&D in the first stage and engage in Cournot competition in the second stage. We characterized and compared the free-trade and trade-restriction R&D equilibrium in a two-stage game of R&D investment followed by Cournot market competition. We also assessed the impact of varying the R&D spillover on the equilibrium outcomes and tariff. We showed for both free trade and protection cases that there exists a unique symmetric solution(subgame perfect Nash equilibrium). As the solution, while analytical, cannot be stated in closed form, we resorted to numerical experiments to investigate the equilibrium results. Our estimates indicate for both free trade and protection cases that the level of R&D investment and the rate of R&D expenditure decrease as the degree of R&D spillovers increases, and that there is an inverse relation between the degree of R&D spillovers and level of protection. The latter implies that the larger the degree of R&D spillovers, the lesser the level of protection.

• Environmental and Resource Economics Review
• /
• v.23 no.3
• /
• pp.497-513
• /
• 2014

Rate-of-return regulation where a regulator compensates the utilities based upon the cost incurred the regulated companies have the incentive to over-report cost level. However, in case of cost-based competition where a regulator knows the cost of each plant involved and induce the competition among them, one can encounter prisoner's dilemma situation in the short run where the regulated firms under-report cost level. For instance, in case of cost-based pool, a generator may have a strategic behavior to keep its registered variable cost higher than the actual level to maintain its operation rate and generation amounts higher. Eventually, however, such behavior decrease the profitability of a generator and discourage new entry jeopardizing required level of capacity reserves. This is a typical Prisoner's Dilemma situation. The power market operating rule should be revised so that generators' registered variable cost reflect actual level of variable cost.

• Journal of Energy Engineering
• /
• v.24 no.2
• /
• pp.22-33
• /
• 2015

This study analyzes the technological level of Korean waste-to-energy(WTE) firms and its determinants by using a multiple logistic regression analysis based on a survey. As the results of analysis, the technological level of Korean WTE firms has been positively influenced by the firm size, R&D expenditures, R&D manpower, but negatively influenced by the competition in domestic market. Also there is no significant effect of the economy of scale. The policy implications of this study are as follows; First, the system in which stakeholders coevolve should be set up to prevent excessive market competition from having a bad effect on the technological level of Korean WTE firms. Second, it is needed to make an effort to achieve the economy of scale by increasing an output and decreasing cost in WTE firms.

• Journal of the Korean housing association
• /
• v.22 no.6
• /
• pp.21-30
• /
• 2011

This study examined details and characteristics of prizewinning plans of housing competition promoted by korean architects group in 1946. The competition were held for the first since Liberation of Korea, and had practical purpose to construct houses to solve severe shortage of housing. This study found common trends of housing plan by prizewinning architects, analyzing architectural characteristics of prizewinning plans. Architects pursued western style living for renewed living conditions of people, planning precedent houses to put reception room at the heart of dwelling spaces and centralize them using entrance hall or corridor for traffic lines. Also, they arranged reception room and family room facing to the south and placed lavatory or bathroom inside of houses for hygiene. Kitchens were finished with wooden floor to keep same level of reception room and equipped with sink, kitchen table, pantry for convenient housekeeping. The result of competition become a basis of constructing houses by housing administration in 1947, and more important foundation for planning typical public houses of national housing corporation.

• Journal of the Korea Furniture Society
• /
• v.17 no.2
• /
• pp.35-47
• /
• 2006

In 1990s, with the rapid development of the design part and the change of perception, various design competitions in a way to encourage the design industry have repeatedly implemented and abolished. They played positive roles of developing designs and nurturing talents. On the contrary, they caused a lot of problems of standardization of design, loss of identification of competitions, deterioration of the quality of design. Especially, though too many competitions are holding, the level of quality cannot catch up with the quantity, resulting in numerous side-effects. In the field of Furniture Design, many competitions are just an one time events and disappeared. Therefore, it is very difficult to keep the tradition of prestigious competition, playing the adverse role in the development of furniture design and lowering the will of creativeness of designers. In this study, I compared and analyzed the current issues and problems of Gyeonggi Furniture Good Design Contest, one of the representative competition as the national scale competition as of 2006, with examples from home and abroad to find out the positive and developmental methods. At the same time, I provided the ways that can be helpful in the design through the ways to facilitate competition and proposals of desirable competitions.

• Proceedings of the KIEE Conference
• /
• 2000.07a
• /
• pp.406-408
• /
• 2000

Recently, Korea's electric industry is in the midst of a period of profound changes in the structure and function, including the introduction of market competition in the generation sector. Therefore, it is difficult to promote long-term capacity planning and new generating capacity construction which have been driven by KEPCO so far, after the introduction of market competition, so new generating capacity construction and security of reserve margin is needed through self·regulation plan of private generation producers by market mechanism. According to the competition in the generation sector, a new paradigm is necessary to the long-term capacity planning driven by the Government. This paper analyzes the plan and the incentive level able to guide the new generation capacity construction considering the uncertainty risk in a period of introduction of competition. In addition, this paper analyzes the plan able to guide the new capacity construction by market function at the stage which market become established and Government's role to solve the anxiety about the capacity supply and demand.

• International Area Studies Review
• /
• v.13 no.3
• /
• pp.3-27
• /
• 2009

This paper measures market power in the Mongolian banking sector using bank level panel data for commercial banks over the period of 1999 - 2006. In the literature, studies on banking competition have largely focused on the banking sectors of developed economies. However, banking competition in developing countries such as Mongolia has been largely neglected. This paper is an attempt to fill this gap. We find that both the monopoly hypothesis and the perfect competition hypothesis are rejected and that the Mongolian banking sector is instead characterized by monopolistic competition. We thus find that the Mongolian banking sector is more competitive than market concentration measures may suggest. We infer that the entries of new banks have strengthened market competitiveness.

• Fourth Industrial Review
• /
• v.1 no.2
• /
• pp.17-20
• /
• 2021

Purpose - "Higher education of vocational education focuses on Discipline competition" This is the requirement of the education sector in China for the Application-oriented Undergraduate in the 21st century. As an integral part of Higher education vocational education, Discipline competition is not only an effective way to test the higher education reform of the Application-oriented Undergraduate, but also a measure of the level of Application-oriented Undergraduate. Research design, data, and methodology - The study conducted a survey on SPSS 24.0 Through factor analysis of 192 questionnaires data. After empirically analyzing the data, we found that the factors can be classified into four main factors. Result - This study shows that in terms of gender, boys are more susceptible to external factors and time factors while girls are more vulnerable to internal factors. And girls are more susceptible to internal factors. In terms of professional categories, non-teacher students are more likely to be hindered by external factors such as missing entry information. Conclusion - This paper assumes that there are significant differences in internal promotion and barriers in different disciplines competition.

• International Journal of Computer Science & Network Security
• /
• v.21 no.11
• /
• pp.49-58
• /
• 2021

Globalization of higher education deepens the competition in the global educational services market. Competition between higher education institutions is based on the use of a wide range of activities and tools that are constantly evolving and becoming more complex. Digitalization significantly transforms the approaches to competition between universities in educational, research and marketing activities. Digital technologies are becoming an integral part of this competition. In addition, in the current conditions of globalization of the scientific and educational space, numerous rankings of universities have become an important tool of the competition; the most significant rankings of universities are as follows: Academic Ranking of World Universities (China), Times Higher Education Rankings of Universities (Great Britain), Webometrics (Spain). In the article, the key principles of the formation of world rankings of universities are analyzed, the main sources of information resources for their compilation are determined. The authors have concluded that the improvement of the position of educational institutions in the world rankings of universities should be implemented within the framework of the state educational policy. The key positive effects of universities due to increasing the competitiveness level of the national higher education system are specified.