• 제목/요약/키워드: Economic Experiment

검색결과 634건 처리시간 0.032초

The Truth about Sellers' Lies: Why Dishonesty Loses in Markets under Information Asymmetry

  • Huh, Seung
    • 아태비즈니스연구
    • /
    • 제11권4호
    • /
    • pp.21-36
    • /
    • 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.

Stories and Challenges of Genome Wide Association Studies in Livestock - A Review

  • Sharma, Aditi;Lee, Jun Seop;Dang, Chang Gwon;Sudrajad, Pita;Kim, Hyeong Cheol;Yeon, Seong Heum;Kang, Hee Seol;Lee, Seung-Hwan
    • Asian-Australasian Journal of Animal Sciences
    • /
    • 제28권10호
    • /
    • pp.1371-1379
    • /
    • 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.

탄성파 수직반사자료의 역산 연구 (A Study on Inversion of Seismic Normal Reflection Data)

  • 양동우;양승진;장성형
    • 자원환경지질
    • /
    • 제29권5호
    • /
    • pp.629-637
    • /
    • 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.

  • PDF

특허 시스템의 정량 분석을 위한 시스템 다이내믹스 모형 (A System Dynamics Model for Quantitative Analysis of Patent Systems)

  • 윤민호
    • 한국시스템다이내믹스연구
    • /
    • 제17권2호
    • /
    • pp.33-56
    • /
    • 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.

생산자 수취의사액(WTA)을 통한 유기농벼 재배의 공익적 기능에 대한 경제적 가치 (Using Choice Experiment Methods to Estimating Famer's Willingness to Accept for Providing Public Function of Organic Farming)

  • 박부용;여순식;유진채
    • 한국유기농업학회지
    • /
    • 제25권2호
    • /
    • pp.257-277
    • /
    • 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.

매여동 연습림 삼림토양의 이화학적 성질 (Physico-chemical Properties of Maeye-Dong Experiment Forest soils)

  • 주성현;허태철
    • Current Research on Agriculture and Life Sciences
    • /
    • 제13권
    • /
    • pp.9-16
    • /
    • 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.

  • PDF

경제동화를 활용한 극놀이 활동이 유아의 경제개념 및 소비자행동에 미치는 영향 (The Effect of Dramatic Play Using Economic-Fairy Tales on Preschoolers' Basic-Economic Understanding and Consumer Behavior)

  • 채영란
    • 한국생활과학회지
    • /
    • 제19권3호
    • /
    • pp.443-453
    • /
    • 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.

고추밭 잡초 피와 명아주 발생밀도에 따른 경합 및 고추 수량 감소 (Competitiveness and Yield Loss of Red Pepper by Densities of Echinochloa crus-galli (L.) P. Beauv. and Chenopodium album L.)

  • 원종건;장길수;황지은;권오훈;전수경;박상구
    • 한국잡초학회지
    • /
    • 제31권1호
    • /
    • pp.71-77
    • /
    • 2011
  • 본 시험은 2010년에 경상북도 농업기술원 영양고추시험장 고추 재배포장에서 밭 잡초로 가장 문제시 되고 있는 잡초 중 피와 명아주를 대상으로 잡초 밀도별 고추와의 경합력을 구명하고 rectangular hyperbola 모델을 기초로 잡초의 밀도에 따른 건고추수량 감소를 예측하여 경제적인 방제 필요수준을 구명하고자 실시하였다. 잡초를 완전 방제 했을 경우를 가상한 건고추 수량은 명아주에서 10a당 323.2kg으로 피의 317.0kg 보다 다소 높았으며, 고추와 잡초의 경합력은 명아주에서 0.29으로 피의 0.1707 보다 높았고, 수량 예측식은 명아주가 y=323.2kg/(1+0.29x), $R^2$=0.896, 피가 y=317.0kg/(1+0.1707x), $R^2$=0.895로 나타났다. 제초제 구입 비용을 10a당 6,500원, 제초제 살포 인건비를 20,000원, 건고추의 가격을 kg당 8,000원, 제초제 방제가 95%로 적용하여 구한 경제적 피해 한계 밀도는 잡초 완전 방제시 수량이 10a당 323.2kg이고 잡초 1본당 수량 감수 정도가 0.29인 명아주는 $100m^2$당 3.7본, 잡초 완전 방제시 수량이 317.0kg이고 잡초 1본당 수량 감수 정도가 0.1707인 피는 $100m^2$당 6.5본이었다.

실물실험을 통한 PC-Slab합성 판형교의 성능비교연구 (A Study on the Comparison of Performance of PC-Slab Composite Plate Girder from the Actual Sized Experiment)

  • 민경주;이성욱;김영국;우용근
    • 한국철도학회:학술대회논문집
    • /
    • 한국철도학회 2010년도 춘계학술대회 논문집
    • /
    • pp.1300-1309
    • /
    • 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.

  • PDF

한-EU FTA 추진에 따른 지역경제의 당면과제 - 강원경제의 대응을 위한 제언 - (Korea-EU FTA and the Facing Theses of Regional Economy)

  • 유원근
    • 통상정보연구
    • /
    • 제10권3호
    • /
    • pp.407-436
    • /
    • 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.

  • PDF