• KDI Journal of Economic Policy
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• v.38 no.4
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• pp.95-114
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• 2016

We study how an advantage given to an interim winner in sequential conflicts characterizes dynamic competition between players and influences their payoffs. As the intensity of competition during each period is negatively correlated, perfect security is not necessarily desirable for contending parties. We present results which are widely applicable to various types of dynamic competition, where competition in each period is linked to the interim winner's relative advantage. Policy implications are also discussed in a variety of areas, and several extensions are explored.

• Proceedings of the Korean Institute of Interior Design Conference
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• 2002.04a
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• pp.39-43
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• 2002

IMF situation in Korean society in 1997 gave huge shock to all areas, such as politics, economy, and society which were covered by bubble economy. It has passed 4 years since IMF but it is continued to increase of consumer price index and depression of the society. Receiving an order in interior design become more and more tense competition domestically as well as internationally, due to the open of WTO. In order to achieve economic design of low cost-high design which pursues the power of competition in cost and quality, this study investigated specific methods for economic design and suggested the directions for economic design in interior design field. To suggest the directions of future interior design for economic design with the analysis of domestic and international cases for economic design. the following results are showed: According to the analysis of the cases, economic design is accomplished with the use of the materials. Interior designers should consider how they can use materials for economic design. Especially, use of cheap materials gives the reduction of the cost and the effects of differentiation of the spaces more. Therefore, experimentalism and knowledge of materials are needed and they should be more weighted as the method for achieving economic design,

• Journal of Korea Port Economic Association
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• v.21 no.1
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• pp.133-151
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• 2005

The purpose of this paper is to investigate the international competition power between Korean ports and Chinese ports according to the port efficiency scores of DEA(Data Envelopment Analysis) by newly introducing the priority vector of AHP(Analytic Hierarchy Process) to the DEA method. Empirical analysis shows the followings: First, there was not big changes of DEA rankings when we use the input-oriented CCR and BCC models after introducing the AHP priority vectors to the input variables. Yantian Port's competition power was declined, but that of Busan Port was up in the BCC model. Second, there was some changes of DEA rankings when we use the output-oriented CCR and BCC models after introducing the AHP priority vectors to the output variables. Rankings of Dalian, Qingdao, Shanghai Ports were up. But Shekou, Yantian Ports showed the declined ranking position in the CCR model. In the BBC model, rankings of Shanghai and Busan Ports were up. But those of Shekou and Yantian Ports were declined. The main policy implication based on the findings of this study is that The Ministry of Maritime Affairs & Fisheries in Korea and China should introduce AHP and DEA approaches when they measure the international competition power by using the porrt efficiency scores of DEA.

• East Asian Economic Review
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• v.20 no.1
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• pp.67-90
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• 2016

This paper provides an assessment of the potential economic impacts of the Vietnam-Korea free trade agreement on Vietnam, by using general equilibrium modeling. The results show that Vietnam-Korea FTA will increase aggregate welfare for both countries in the long run. The most important gains accrue from better allocation of resources consequent to trade liberalization. All the sectoral differences and changes are consistent with the trade profiles of the two countries, and the long-run results are more pronounced than those of the short-run. In comparison with other ASEAN countries, the CGE analysis suggests that Vietnam's agriculture exports to Korea would especially rise in the long run. However, there will be strong competition in this sector among ASEAN members. Thus, an earlier conclusion of a comprehensive FTA with Korea is expected to be a good strategy for Vietnam, so as to avoid the direct competition with ASEAN members in the future.

• Proceedings of the Korea Port Economic Association Conference
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• 2007.07a
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• pp.441-455
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• 2007

Based on the fact that Qingdao port, Tianjin port and Dalian port of the economic circle around Bohai have been the three islands of stability through long-term competition, this paper conducts a system study on the competitive powers of the three ports through AHP model on the analysis of current status of the three ports, and probes deeply into the outer factors and the inner factors affecting on the competitive advantage, and points out the existing problems in competition. We think that the three ports must compete orderly and collaborate closely, and give the forms and approaches developing strategy collaboration in order to obtain an advantageous position in Northeast Asia and improve the international competitive power.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.12
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• pp.39-50
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• 2021

We investigate competition and its impact on borrowers' indebtedness (BI) in South Asian microfinance. Our empirical investigations are based on a comprehensive panel dataset of 355 MFIs located in seven countries in South Asia. The empirical results revealed that microfinance in South Asia is imperfectly competitive and the existing industry shows a monopolistic competition during the period under consideration. Also, the competition increased after the global financial crisis (GFC) in 2007-08 which implies that microfinance uses hostile lending behavior through the adverse selection that is highly risky and it can induce repayment crisis. The empirical findings also show that increased competition has significant negative effects on borrowers' indebtedness, particularly in large-scale and regulated microfinance organizations (MFIs). Instead of using equity financing, debt financing could be a better option. Finally, we find that while competition seems to have some positive effects in economic discourse by channeling technological improvements in products and services, its negative effects in microfinance outweigh the benefits over costs, particularly in poverty-stricken nations. The findings are helpful for the policymakers, microfinance industry, investors, borrowers, and Central Bank of South Asian markets.

• KDI Journal of Economic Policy
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• v.35 no.1
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• pp.103-135
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• 2013

This paper provides consistent understanding between the economic rationale of the 'efficiency' and 'failing firm' defenses and the conditions that the defenses require in the merger assessment process, focusing on two main concepts, 'enhancing competition' and 'counterfactual'. This paper states that the economic rationale of the 'efficiency' defense rests on the effect of enhancing competition rather than on the improvement of efficiency itself. Regarding the 'failing firm' defense, the rationale is stated that competition would not deteriorate even when the merger proceeds compared to the counterfactual where it is prohibited. This understanding reflects not only recent international discussion but also the merger guidelines of advanced competition authorities. It also consistently explains the requirements of the defenses. Finally, this paper includes some comments on the Merger Review Guideline of Korea for its improvement based on various domestic merger cases.

• IE interfaces
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• v.9 no.3
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• pp.1-9
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• 1996

Competition in telecommunications field brings about change in attitudes toward technology development. It is no longer the case that technology development itself has merits but that technology development should be considered in terms of its economic concepts such as the cost-effectiveness concept. Techno-Economic study intend to incorporate the idea of economic efficiency into technology development and management so that economic potential of technologies is maximized. This paper categorizes the contents of techno-economic study in telecommunications and information technologies and suggests a framework of techno-economic study based on technology lifecycle and decision makers.

• East Asian Economic Review
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• v.20 no.1
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• pp.3-35
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• 2016

This paper analyses the new discipline on state-owned enterprises contained in the recently concluded Trans Pacific Partnership Agreement, and evaluates various factors that influenced the shaping of its specific rules. The new discipline consolidates and strengthens related provisions in current trade regimes, reflects various aspects of trade disputes between China and the US, and adopts, as its general underlying rationale, the principle of competitive neutrality. The new discipline contains elements that may challenge the multilateral trade regime, and may serve as a role model in regulating state-owned enterprises, including subsidies in services trade in other on-going trade negotiations. The new regime makes us think hard about fundamental issues regarding enforcement of competition policy against state-owned enterprises, treatment of non-market economies, and how to deal with effects of subsidies in international trade, bringing competition issues back on the trade agenda.

• East Asian Economic Review
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• v.17 no.1
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• pp.81-100
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• 2013

This paper investigates the new link between the export-creating effects of Korea's tied aid and the export-diverting effects coming from China's export expansion, which have been rarely explored by the existing studies. A panel data consisting of 98-104 aid recipients of Korea through the period of 1995-2009 shows that the net export-creating effects are weaker at the export destinations where the export competition between Korea and China is fierce, while they are stronger at the export markets where it is not so severe. These findings applies to consumption goods rather than capital and intermediate goods.