• Asia-Pacific Journal of Business
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• v.11 no.4
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• pp.21-36
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• 2020

Purpose - This study analyzes the effect of sellers' dishonesty on various market outcomes such as seller profit, buyer profit, and market welfare, through precisely measuring the level of sellers' information disclosure and its economic impacts. As an explicit observation of sellers' dishonesty is not easy in most other settings, this study is expected to suggest unique and meaningful implications on the effect of sellers' incomplete information disclosure to researchers, managers, and policy makers. Design/methodology/approach - In order to precisely measure the level of sellers' dishonesty under information asymmetry, this study analyzes the data from an incentive-based economic experiment using z-Tree software. This experimental method enables us to focus on the strategic interactions among participants, observe the integrity of seller's information disclosure, and reproduce real market situations. Findings - The analysis of sellers' dishonesty has provided the following important and counterintuitive findings about the reality of buyer-seller interactions under information asymmetry. First, sellers' lies do not affect seller profit even when they are very intensive. Second, sellers' dishonesty negatively affects buyer profit and the entire market welfare. Third, a seller's quality claim has a positive effect on the seller profit only when a seller is being honest. Research implications or Originality - This study analyzes sellers' dishonesty using incentive-based economic experiment using z-Tree software which provides a straightforward examination on dishonest behavior of sellers, that is not readily available with other types of observational or experimental data.

• Asian-Australasian Journal of Animal Sciences
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• v.28 no.10
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• pp.1371-1379
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• 2015

Undoubtedly livestock is one of the major contributors to the economy of any country. The economic value of livestock includes meat, dairy products, fiber, fertilizer etc. Understanding and identifying the associations of quantitative trait loci (QTL) with the economically important traits is believed to substantially benefit the livestock industry. The past two decades have seen a flurry of interest in mapping the QTL associated with traits of economic importance on the genome. With the availability of single nucleotide polymorphism chip of various densities it is possible to identify regions, QTL and genes on the genome that explain the association and its effect on the phenotype under consideration. Remarkable advancement has been seen in genome wide association studies (GWAS) since its inception till the present day. In this review we describe the progress and challenges of GWAS in various livestock species.

• Economic and Environmental Geology
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• v.29 no.5
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• pp.629-637
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• 1996

In this paper a numerical experiment is conducted to determine the low acoustic impedance of a thin oil or gas reservoir from a seismogram by using the generalized linear inversion method. The seismograms used are normal incident synthetic seismograms containing p-wave primary reflections, multiples, and peg-leg multiples on the layers consisting of oil-, gas-, water-filled sandstone incased in shales. In this experiment the acoustic impedance, the location of reservoir boundary, thickness, and source wavelet are assumed initially and revised iteratively by the least-squares-error technique until the difference between the seismogram and calculated one is very small. This experiment shows that the acoustic impedance and thickness, about 10 m thick, can be determined by the inversion.

• Korean System Dynamics Review
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• v.17 no.2
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• pp.33-56
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• 2016

In this paper, a system dynamics model for explaining the application, grant and maintenance of patents is provided. Existing literatures regarding the patent application system are mostly econometric approaches that consider only economic variables such as GDP and R&D. The model in this paper includes patent variables such as disputes as well as economic variables. Moreover, we show that the model can be used in not only a quantitative prediction but also policy experiment. The results of the policy experiment shows that strengthening protection of patents tend to increase the propensity to patent more than R&D investment.

• Korean Journal of Organic Agriculture
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• v.25 no.2
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• pp.257-277
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• 2017

This study was conducted to suggest policy implications of providing public function of organic farming. Define the difficulties of rice farmers to provide public utility of organic farming. We estimated the amount of the farmers would like to receive for the practice of organic agriculture using choice experiment methods. By evaluating individual economic values through WTA estimates, its meaningful to grasp farmers preference for organic farming practice and conversion. These results could be used as useful data for future organic agriculture policy. For the expansion of organic farming, it is required to evaluate correct and accurate economic value and reflect this in policy.

• Current Research on Agriculture and Life Sciences
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• v.13
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• pp.9-16
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• 1995

This study was carried out to investigate the Physico-chemical Properties of Maeye-Dong Experiment Forest Soils. It is important to get fundmental information for establishment of economic and enviromental forest stands. The results obtained from this study were as follows: 1. The range of soil texture was in loamy sand and sandy loam. 2. The pH of Maeye-Dong Experiment forest soils found to be lower than that of Korean brown forests. 3. Most of investigated areas were known to be lack of exchangeable cation and nitrogen. 4. Fertilizer application should be advanced for establishment of economic and enviromental forest stand.

• Korean Journal of Human Ecology
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• v.19 no.3
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• pp.443-453
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• 2010

This study analyzed the effects of dramatic play using Economic-fairy tales on young children's basic- economic understanding and the consumer behavior. The participants in this study were 42 young children who attended a kindergarten in G city. The mean age of participants was 70 months. The experimental group participated in 'Dramatic play using Economic-fairy tales' while the control group participated in a 'Discussion activity using Economic-fairy tales'. The experiment used 'The Basic-Economic Concept Test' and 'The Consumer Behavior Test' in the collection of data and T-test was used to statistically analyze the data. Significant differences were found between the experimental group and comparison group in both the post-test score of Basic-Economic Understanding and of Consumer Behavior NOTE. In conclusion, the results of this study suggested that the technique of dramatic play using Economic-fairy tales which was developed in this study are probably effective in developing young children's basic-economic understanding and consumer behavior.

• Korean Journal of Weed Science
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• v.31 no.1
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• pp.71-77
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• 2011

This study was conducted to predict the yield loss of red pepper and to determine the economic weed thresholds levels for red pepper cultivation field from competition with the most serious weeds, Echinochlor crus-galli (L.) P. beauv. (barnyard grass) and Chenopodium album L. (goosefoot) in Youngyang of Korea. Crop yield as a function of weed density was predicted by using a rectangular hyperbola, and their economic threshold levels were determined by using the equation developed by Cousens (1987). The red pepper yield loss models of weeds were predicted as y=317.0 kg/ (1+0.1707x), $R^2$=0.895 in E. crus-galli and y=323.2 kg/(1+0.2900x), $R^2$=0.896 in C. album L.. Economic thresholds calculated using Cousens' equation was negatively related with the competitiveness of weed. Economic thresholds of each weed were calculated as 6.5 plant $100m^{-2}$ in E. crus-galli, and 3.7 plant $100m^{-2}$ in C. album L..

• Proceedings of the KSR Conference
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• 2010.06a
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• pp.1300-1309
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• 2010

In the railway bridges, steel plate girder types are preferred due the high stability. Nevertheless, it has been pointed out that this type of bridge has problems such as, structural damages in the rail and girder seat, noise problem due to impact at the rail joint and excessive vibration. This vibration and/or deflection are mainly because insufficient stiffness of steel plate type of bridge. To resolve these problems, PC-Slab composite plate girder type which has simple process and economic cost, is proposed in this study. The static and dynamic experiment is performed by using the production of actual sized PC-Slab and abandoned steel plate girder. The object of this experiment is to verify the fact that girder stiffness increase and structural safety. The result of the experiment is used to analyze the effect of performance improvement of PC composite plate girder type. Using this method, economic rail maintainers, girder stiffness increase, and also speed/ride improvement even for existing rail could be expected by dynamic performance improvement. Additionally noise due to impact, deflection and vibration caused from long rails can be reduced.

• International Commerce and Information Review
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• v.10 no.3
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• pp.407-436
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• 2008

The purpose of this study is to verify the economic effects of the on going Korea-EU FTA negotiations upon the regional economy and to present some strategic economic countermeasures to deal with the forthcoming changes on the economic environments. In comparing with the industrial structure between Korea and EU, due to the different specific part of their industrial competitiveness both parts would have complementary cooperative transactions and trade as well. And also Korea and EU would have the similar understanding of the importance of the field of agriculture and service in accordance with the economic standpoint respectively. The level of degree and magnitude of the effect of Korea-EU FTA upon the regional economy would be decided in accordance with the industrial structure and the level of income of the regional economy. We are not to confirm and specify the economic influences of Korea-EU FTA negotiations on the economic conditions of Gangwon province but to prepare rational economic countermeasures fit to its structural character. One of the political strategies that might be feasible is the inflow of foreign direct investment from the developed European countries to the regional economy. This developing model would mean a new experiment to activate any regional economy and a new formation of the policy of economic growth.