• Title/Summary/Keyword: Economic Behavior

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Utility Maximization, The Shapes of the Indifference Curve on the Characteristic Space and its Estimation: A Theoretical Approach (개인여객 효용의 극대화 및 운송특성공간상의 무차별곡선의 형태와 그 추정)

  • Kim, Jong-Seok
    • Journal of Korean Society of Transportation
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    • v.27 no.2
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    • pp.157-168
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    • 2009
  • The random utility theory and the multinomial logit model (including a more recent variant--the mixed multinomial logit) derived from it have constituted a back bone for theoretical and empirical analyses of various travel demand features including mode choice. In their empirical applications, however, it is customary to specify random utilities which are linear in modal attributes such as time and cost, and in socio-economic variables. The linearity helps easy derivation of important information such as value of travel time savings by calculating marginal rate of substitution between time and cost. In this paper the author focuses on the very linearity of the random utilities. Taking into account the fact that the mode chooser is also labour supplier, commodity consumer as well as leisure-seeker, the author sets up a maximization model of the traveller, which encompasses various economic activities of the traveller. The author derive from the model the indifference curve defined on the space of modal attributes, time and cost and investigate under what conditions the random utility of the traveller becomes linear. It turns out that there exist the conditions under which the random utility is really linear in modal attributes, but the property does not hold when the traveller has a corner solution on the space of modal attributes, or when the primary utility function of the traveller is directly affected by labour provided and/or the travel time itself. As a corollary of the analysis, a random utility is suggested, approximated up to the second order of the variables involved for empirical studies of the field.

Biogeochemical Effects of Hydrogen Gas on the Behaviors of Adsorption and Precipitation of Groundwater-Dissolved Uranium (지하수 용존 우라늄의 수착 및 침전 거동에서 수소 가스의 생지화학적 영향)

  • Lee, Seung Yeop;Lee, Jae Kwang;Seo, Hyo-Jin;Baik, Min Hoon
    • Economic and Environmental Geology
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    • v.51 no.2
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    • pp.77-85
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    • 2018
  • There would be a possibility of uranium contamination around the nuclear power plants and the underground waste disposal sites, where the uranium could further migrate and diffuse to some distant places by groundwater. It is necessary to understand the biogeochemical behaviors of uranium in underground environments to effectively control the migration and diffusion of uranium. In general, various kinds of microbes are living in soils and geological media where the activity of microbes may be closely connected with the redox reaction of nuclides resulting in the changes of their solubility. We investigated the adsorption and precipitation behaviors of dissolved uranium on some solid materials using hydrogen gas as an electron donor instead of organic matters. Although the effect of hydrogen gas did not appear in a batch experiment that used granite as a solid material, there occurred a reduction of uranium concentration by 5~8% due to hydrogen in an experiment using bentonite. This result indicates that some indigenous bacteria in the bentonite that have utilized hydrogen as the electron donor affected the behavior (reduction) of uranium. In addition, the bentonite bacteria have showed their strong tolerance against a given high temperature and radioactivity of a specific waste environment, suggesting that the nuclear-biogeochemical reaction may be one of main mechanisms if the natural bentonite is used as a buffer material for the disposal site in the future.

Cancer survivor's dietary safety management awareness and competency type (암 생존자의 식생활 안전관리 인식과 역량 유형)

  • Kim, Yun Hwa
    • Journal of Nutrition and Health
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    • v.53 no.5
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    • pp.532-546
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    • 2020
  • Purpose: Although the number of cancer survivors is increasing because of early diagnosis and better treatment, they are worried about relapses and metastasis. This study examined the dietary safety management awareness, capacity, and behavior of cancer survivors. Methods: Data were collected from 233 cancer survivors in Daegu and Gyeongbuk areas using a self-administered 5-Likert questionnaire from March to May 2018. Frequency analysis, one-way analysis of variance, factor analysis, reliability analysis, and correlation analysis were analyzed using the SPSS. Results: The average score for each factor was as follows: importance of weight management (3.83), education requirement (3.79), unhealthy diet (reverse, 3.64), food safety anxiety (3.34), lack of awareness of over and malnutrition (reverse, 3.26), obsession (3.23), cooking capacity (3.16), health-function pursuit (3.04), balanced diet (2.93), and chronic disease anxiety (2.64). The average dietary safety competency factors were significantly lower among the male survivors, aged 60-80 years, lower economic condition, and less nutritional supplement intake. Female survivors comprised the highest proportion with high health management and cooking capacity, while men had the lowest of all the factors (p < 0.001). The group that was low in all three capacity factors had a significantly lower average score of difficulty in acquiring knowledge (reverse), lack of awareness of over- and malnutrition (reverse), importance of weight management, education requirement, knowledge, balanced diet, and health-functional pursuit compared to the other groups (p < 0.001). Conclusion: To effectively manage health, dietary safety management education should be differentiated and actively conducted according to sex, age, cancer diagnosis time, economic status, nutritional supplement intake, and the capacity cluster of cancer survivors.

Youth Unemployment and Labor Policy in Contemporary Japan (일본 노동시장의 변화와 정책대응)

  • Hiroo, Kamiya
    • Journal of the Economic Geographical Society of Korea
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    • v.9 no.3
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    • pp.396-409
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    • 2006
  • In this paper, first I try to sketch the changing Japanese labor market after 1990s, and then examine the so-called "Job $Caf{\acute{e}}$ program" in detail, which was initiated in 2004 by central and local governments to help young people fine suitable jobs, and finally investigate the possible direction for future labor policy as an important tool for revitalize the local economy. Latter half of 1990s witnessed the high unemployment rate among the population aged twenties in Japan, and the number of 'shinsotsu-mugyo', i.e. population not at work after completing high school or university, NEET (not in employment, education or training) and 'freeters' have grown rapidly. "Job $Caf{\acute{e}}$ program" was initiated as a public response to the increased youth unemployment, aiming at assisting young people's transition from education to career. In the Job $Caf{\acute{e}}$ program, job information service by MHLW, information service for high school students and university students by MEXT, placement service of career internship by METI are integrated into one service, and are provided by local government initiative, therefore named as "one stop service of employment". Although it is highly appreciated for one stop service, the Job cafe program has criticized for paying too much attention to the performance of projects, such as the number of users, and the number of successful job matching. At the final section of the paper, more practical spatial unit for executing effective regional plan on local employment and more empirical research on job search behavior are discussed.

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A Study on the Relation Exchange Rate Volatility to Trading Volume of Container in Korea (환율변동성과 컨테이너물동량과의 관계)

  • Choi, Bong-Ho
    • Journal of Korea Port Economic Association
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    • v.23 no.1
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    • pp.1-18
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    • 2007
  • The purpose of this study is to examine the effect of exchange rate volatility on Trading Volume of Container of Korea, and to induce policy implication in the contex of GARCH and regression model. In order to test whether time series data is stationary and the model is fitness or not, we put in operation unit root test, cointegration test. And we apply impulse response functions and variance decomposition to the structural model to estimate dynamic short run behavior of variables. The major empirical results of the study show that the increase in exchange rate volatility exerts a significant negative effect on Trading Volume of Container in long run. The results Granger causality based on an error correction model indicate that uni-directional causality between trading volume of container and exchange rate volatility is detected. This study applies impulse response function and variance decompositions to get additional information regarding the Trading Volume of Container to shocks in exchange rate volatility. The results indicate that the impact of exchange rate volatility on Trading Volume of Container is negative and converges on a stable negative equilibrium in short-run. Th exchange rate volatility have a large impact on variance of Trading Volume of Container, the effect of exchange rate volatility is small in very short run but become larger with time. We can infer policy suggestion as follows; we must make a stable policy of exchange rate to get more Trading Volume of Container

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Effect of Redox Processes and Solubility Equilibria on the Behavior of Dissolved Iron and Manganese in Groundwater from a Riverine Alluvial Aquifer (만경강 하천변 충적 지하수의 용존 Fe와 Mn 거동에 대한 산화-환원 과정과 용해 평형의 효과)

  • Choi, Beom-Kyu;Koh, Dong-Chan;Ha, Kyoo-Chul;Cheon, Su-Hyun
    • Economic and Environmental Geology
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    • v.40 no.1 s.182
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    • pp.29-45
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    • 2007
  • Biogeochemical characteristics involving redox processes in groundwater from a riverine alluvial aquifer was investigated using multi-level monitoring wells (up to 30m in depth). Anaerobic conditions were predominant and high Fe ($14{\sim}37mg/L$) and Mn ($1{\sim}4mg/L$) concentrations were observed at 10 to 20 m in depth. Below 20 m depth, dissolved sulfide was detected. Presumably, these high Fe and Mn concentrations were derived from the reduction of Fe- and Mn-oxides because dissolved oxygen and nitrate were nearly absent and Fe and Mn contents were considerable in the sediments. The depth range of high Mn concentration is wider than that of high Fe concentration. Dissolved organics may be derived from the upper layers. Sulfate reduction is more active than Fe and Mn reduction below 20 m in depth. Disparity of calculated redox potential from the various redox couples indicates that redox states are in disequilibrium condition in groundwater. Carbonate minerals such as siderite and rhodochrosite may control the dissolved concentrations of Fe(II) and Mn(II), and iron sulfide minerals control for Fe(II) where sulfide is detected because these minerals are near saturation from the calculation of solubility equilibria.

Physical Properties and Friction Characteristics of Fault Cores in South Korea (단층핵의 물리적 특성과 마찰 특성의 상관관계 분석)

  • Moon, Seong-Woo;Yun, Hyun-Seok;Seo, Yong-Seok
    • Economic and Environmental Geology
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    • v.53 no.1
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    • pp.71-85
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    • 2020
  • To understand behavior of fault cores in the field of geotechnical and geological engineering, we present an investigation of the physical properties (breccia and clay contents, unit weight, porosity, and water content) and friction characteristics (internal friction angle and cohesion) of fault cores, in granitic, sedimentary, and volcanic rocks in South Korea. The breccia contents in the fault cores are positively correlated with unit weight and negatively correlated with clay content, porosity, and water content. The inter-quartile ranges of internal friction angles and cohesion calculated from direct shear tests are 16.7-38.1° and 2.5-25.3 kPa, respectively. The influence of physical properties on the friction characteristics of the fault cores was analyzed and showed that in all three rock types the internal friction angles are positively correlated with breccia content and unit weight, and negatively correlated with clay content, porosity, and water content. In contrast, the cohesions of the fault cores are negatively correlated with breccia content and unit weight, and positively correlated with clay content, porosity, and water content.

An Empirical Test for CVM Calibration Factor through Combining Revealed and Stated Preferences Data (현시선호와 진술선호 자료의 결합을 통한 조건부 가치측정법 소득조정계수의 추정)

  • Eom, Young Sook;Larson, Douglas M.
    • Environmental and Resource Economics Review
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    • v.13 no.3
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    • pp.337-366
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    • 2004
  • Contingent Valuation Method (CVM), as non-market valuation approach, has been criticized on that respondents may not realistically reflect their budget constraints in answering willingness to pay (WTP) for hypothetical CV questions. This paper empirically estimates the income calibration factor associated with CV responses through combining travel cost method and contingent valuation method in a utility-theoretic framework. The joint model of recreation demand function and contingent WTP function was applied to an important case study on the Man Kyoung River system, whose water quality is at issue because of the Sae Alan Kum reclamation project. Relevant economic variables such as price, income and water quality had significant influence as anticipated by the economic theory. Equally important, the income calibration factor was not significantly different from one, suggesting that the systematic discrepancies of CV responses relative to the actual behavior was not detected at least in terms of budget exaggeration. Overall, this study supports the notion that carefully designed CVM studies can provide informative data on individuals' willingness to pay for environmental quality changes.

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A study of the economic effects of weather and climate information on marine logistics (해상운송업의 기상기후정보 경제적 효과에 관한 연구)

  • Lho, Sangwhan;Lim, Dongsoon
    • Environmental and Resource Economics Review
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    • v.23 no.1
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    • pp.1-19
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    • 2014
  • Weather seems to influence industries in a variety of ways. On a day-to-day basis, it is the most volatile external factor influencing consumer and market behavior. And, because weather is constantly changing, industries must deal with a continuously shifting array of opportunities and risks. This study aims to examine how climate and weather changes and information, as external environmental factors, have affected the Korean industries, particularly marine shipping and logistics. To find out the economic value of marine weather information, we use measurable results of VVOS(Vessel and Voyage Optimization Services) in the ocean shipping, which the marine weather software tool can save fuel costs up to 4%. When the fuel saving is same as VVOS's performance, the saving of Korean flag ship is estimated about 62 billion won and the saving of total flag ship is estimated about 519 billion won. However, coastal shipping companies have been struggling with the heavy weather factors, such as wave height, wave period and wind. Major findings are that wind and wave height have a significant negative effect on cargo transport, while wave period has a significant positive effect on cargo transport. And to conclude, when we use efficiently the marine weather information, we can increase cargo transport and save fuel costs etc.

Geochemical Dispersion and Contamination Characteristics of Heavy Metals in Soils and Leaves of Ginkgo biloba in Seoul Area (서울지역 가로수 토양과 은행나무 잎 중의 중금속 원소들의 지구화학적 분산과 오염특성)

  • Choo Mi-Kyung;Kim Kyu-Han;Lee Jin-Soo;Chon Hyo-Taek
    • Economic and Environmental Geology
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    • v.38 no.3 s.172
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    • pp.221-236
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    • 2005
  • In order to investigate the contamination levels and dispersion patterns of heavy metals such as Cd, Co, Cr, Cu, Fe, Mn, Ni, Pb and Zn by urbanization, soils beneath roadside-trees and leaves of Ginkgo biloba were collected from Seoul area during October to November in 2001. All tree leaves were grouped into washed and unwashed ones. The pH of most soil ranges from 6 to 9 indicating a weak acidic and alkaline. The element couples of Cd-Co, Cr-Ni and Zn-Cu-Pb have good correlation in soils, and contamination sources of Cd-Co, Cr-Ni and Zn-Cu-Pb could be similar. High correlation coefficients among Pb, Cu and Zn in G. biloba indicates that these elements show the similar behavior during the metabolism processes. From the results of pollution index calculation for soils, industrialized and heavy traffic area were severly polluted by heavy metals such as Cd, Cu, Pb and Zn. By the discriminant analysis, industrialized and heavy traffic areas are enriched in the order of Ni> Cr> Pb. Cadmium is useful to discriminate between industrialized and heavy traffic areas, Co and Pb are highly enhanced in heavy traffic area.