• 제목/요약/키워드: Relative Price Effect

검색결과 71건 처리시간 0.024초

Basic Research for Causal Analysis of a Low-rate of G-SEED Certified Apartment Buildings

  • Kim, JungHwa;Lee, Hyun-Soo;Park, Moonseo;Lee, Seulbi
    • 국제학술발표논문집
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    • The 6th International Conference on Construction Engineering and Project Management
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    • pp.728-729
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    • 2015
  • As environmental issues have been increased globally, eco-friendliness in the construction area, which accounts for more than 30% of total GHG gas emission has being urged. In response, the Korean government has implemented G-SEED(Green Standard for Energy and Environmental Design) certification from 2002. However, total number of certified apartment buildings is only around 1% of total number of approved apartment buildings. As a basic research to find out reasons of low rate of the certification, this paper analyzes consumers' decision-making process in G-SEED certified apartment building market comparing to non G-SEED certified one and draw System Dynamics modeling based on causal relationship. As a result, consumers' demand for the certified one is increased by 'Perceived Relative Utility' which is resulted from comparison process with non-certified one. The 'Perceived Relative Utility' is ascended upward steadily by 'Relative Perceived Price' considered as relatively short-term effect and 'Favorable Image of Certified Housing' referred to long-term effect.

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철도운임체계 개선에 관한 연구 (The Study on railroad fare system improvement)

  • 권용장;정병현
    • 한국철도학회:학술대회논문집
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    • 한국철도학회 2000년도 춘계학술대회 논문집
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    • pp.32-42
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    • 2000
  • In this paper, we outlines the basic pricing rules that developed over the years, and illustrates how these rules apply in practice using railway fare, price discrimination in railway travel. we review the problems of rail fare system reflecting the market fare decision and consider fare decision structure and relative fare comparison with other modes of transportation. Specifically, we focus on tile effect of tile “fare varying system with distance”, using the characteristics of long distance transportation modes. And set up the framework for reasonable fare decision under the current circumstances.

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Effect of Carcass Traits on Carcass Prices of Holstein Steers in Korea

  • Alam, M.;Cho, K.H.;Lee, S.S.;Choy, Y.H.;Kim, H.S.;Cho, C.I.;Choi, T.J.
    • Asian-Australasian Journal of Animal Sciences
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    • 제26권10호
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    • pp.1388-1398
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    • 2013
  • The present study investigated the contribution of carcass traits on carcass prices of Holstein steers in Korea. Phenotypic data consisted of 76,814 slaughtered Holsteins (1 to 6 yrs) from all over Korea. The means for live body weight at slaughter (BWT), chilled carcass weight (CWT), dressing percentage (DP), quantity grade index (QGI), eye muscle area (EMA), backfat thickness (BF) and marbling score (MS), carcass unit price (CUP), and carcass sell prices (CSP) were 729.0 kg, 414.2 kg, 56.79%, 64.42, $75.26cm^2$, 5.77 mm, 1.98, 8,952.80 Korean won/kg and 3,722.80 Thousand Korean won/head. Least squares means were significantly different by various age groups, season of slaughter, marbling scores and yield grades. Pearson's correlation coefficients of CUP with carcass traits ranged from 0.12 to 0.62. Besides, the relationships of carcass traits with CSP were relatively stronger than those with CUP. The multiple regression models for CUP and CSP with carcass traits accounted 39 to 63% of the total variation, respectively. Marbling score had maximum economic effects (partial coefficients) on both prices. In addition, the highest standardized partial coefficients (relative economic weights) for CUP and CSP were calculated to be on MS and CWT by 0.608 and 0.520, respectively. Path analyses showed that MS (0.376) and CWT (0.336) had maximum total effects on CUP and CSP, respectively; whereas BF contributed negatively. Further sub-group (age and season of slaughter) analyses also confirmed the overall outcomes. However, the relative economic weights and total path contributions also varied among the animal sub-groups. This study suggested the significant influences of carcass traits on carcass prices; especially MS and CWT were found to govern the carcass prices of Holstein steers in Korea.

A study of an oyster monthly forecasting model using the structural equation model approach based on a panel analysis

  • Sukho Han;Seonghwan Song;Sujin Heo;Namsu Lee
    • 농업과학연구
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    • 제49권4호
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    • pp.949-961
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    • 2022
  • The purpose of this study is to build an oyster outlook model. In particular, by limiting oyster items, it was designed as a partial equilibrium model based on a panel analysis of a fixed effect model on aquaculture facilities. The model was built with a dynamic ecological equation (DEEM) system that considers aquaculture and harvesting processes. As a result of the estimation of the initial aquaculture facilities based on the panel analysis, the elasticity of the remaining facility volume in the previous month was estimated to be 0.63. According to Nerlove's model, the adjustment coefficient was interpreted as 0.31 and the adjustment speed was analyzed to be very slow. Also, the relative income coefficient was estimated to be 2.41. In terms of elasticity, it was estimated as 0.08% in Gyeongnam, 0.32% in Jeonnam, and 1.98% in other regions. It was analyzed that the elasticity of relative income was accordingly higher in non-main production area. In case of the estimation of the monthly harvest facility volume, the elasticity of the remaining facility volume in the previous month was estimated as 0.53, and the elasticity of the farm-gate price was estimated as 0.23. Both fresh and chilled and frozen oysters' exports were estimated to be sensitive to fluctuations in domestic prices and exchange rates, while Japanese wholesale prices were estimated to be relatively low in sensitivity, especially to the exchange rate with Japan. In estimating the farm-gate price, the price elasticity coefficient of monthly production was estimated to be inelastic at 0.25.

해운산업에 대한 정부지원의 타당성 검토 (The Appropriatness of Government Support of Shipping Industry ; A General Equilibrium Approach)

  • 정봉민
    • 대한교통학회지
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    • 제8권2호
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    • pp.27-41
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    • 1990
  • In this study the economic impacts of government support of shipping industry in the labor rich country are appraised in a general equilibrium model. Shipping industry subsidies (which are supposed to be supplied by lump-sum tax) will decrease disposable income by shifting productive resources from traded goods to the comparatively disadvantageous transport sector, and at the same time reduce the implicit tariff effect by lowering transport costs. The net effect of shipping industry subsidies is to increase social welfare because the latter positive effect of shipping industry subsidies is to increase social welfare because the latter positive effect dominates the former negative effect. Such an increase in social welfare can never be expected from competitive traded goods industry subsidies in the case of which social welfare will actually decrease because of inefficient resource allocation resulting from the subsidies. In addition it is worth noting that the subsidies on the most capital intensive shipping industry will rectify unevenness in income distribution by raising relative price of labor contrary to subsidies on capital intensive traded goods.

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Examining the Effect of Online Switching Cost on Customers' Willingness to Pay More

  • Kim, Hee-Woong;Gupta, Sumeet;Lee, So-Hyun
    • Asia pacific journal of information systems
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    • 제23권1호
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    • pp.21-43
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    • 2013
  • Internet vendors are gradually realizing the importance of "locking-in" online customers in order to ensure profitability. Erection of switching barriers increases customers'lock-in and in turn may result in their willingness to pay price-premium for the same service. However, raising customer lock-in online is difficult because search costs are very low. Therefore, this study examines the effect of switching barriers (customer satisfaction, perceived value and relative advantage) on switching costs and the effect of switching costs on customer's willingness to pay more. Since switching costs and consequent relationships may depend upon the type of product therefore the research model in this study is examined for both search products and experience products. Data is collected through an online survey from two websites (one each for search product and experience product). The empirical results show the key role of switching costs in customers' willingness to pay more and the relationships among the four constructs. The theoretical and practical implications of this study are also discussed.

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ICT 자본 투입이 노동 및 에너지 수요에 미치는 영향: 한국, 미국, 영국의 제조업 및 전기·가스·수도사업의 생산구조 비교 (Effect of ICT Capital on the Demands for Labor and Energy in Major Industries of Korea, US, and UK)

  • 김지효;허은녕
    • 자원ㆍ환경경제연구
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    • 제23권1호
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    • pp.91-132
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    • 2014
  • 본 논문은 한국, 미국, 영국의 제조업 및 전기 가스 수도사업에서 ICT 확산이 노동 및 에너지 수요에 어떠한 영향을 미치는지 연구하였다. 제조업에 대해서는 ICT 자본, 비ICT 자본, 노동, 전기, 연료, 재료를 생산요소로 가정하고, 전기 가스 수도사업에 대해서는 ICT 자본, 비 ICT 자본, 노동, 에너지 재료를 생산요소로 가정하여 요소 간 대체관계를 분석하였다. 모리시마 대체탄력성 추정결과 및 요소의 상대적 가격변화를 고려할 때, 3개 국가의 제조업 및 전기 가스 수도사업에서 ICT 자본은 노동을 대체하여 노동 수요를 감소시키는 것으로 나타났다. ICT 자본에 비해 전기 및 연료의 가격증가율이 높은 미국과 영국의 제조업에서 ICT 자본은 전기 및 연료를 대체하여 에너지 수요를 감소시키는 것으로 나타났다. 한국의 제조업에서 ICT 자본과 전기 및 연료가 대체관계에 있으나, 요소의 상대적 가격변화를 고려하면 ICT 자본이 에너지 수요 감소에 기여했다고 보기 어렵다. 3개 국가의 전기 가스 수도사업에서 ICT 자본은 에너지 재료를 거의 탄력적으로 대체하여 에너지 재료 수요를 감소시키는 것으로 분석되었다.

A successful province of agriculturalwater-saving: Gansu

  • Bin, Jiang
    • 한국수자원학회:학술대회논문집
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    • 한국수자원학회 2016년도 학술발표회
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    • pp.194-194
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    • 2016
  • Gansu, located in the northwestern region, is a typical agricultural province of arid, semiarid in China. The shortage of water resources is the biggest obstacle of Gansu Province's development, and the dry farming water-saving is the eternal theme of Gansu agricultural sustainable development. In recent years, intensify reform in Gansu, has walked out a successful way in the agricultural water-saving. Using the integrated river basin governance as opportunity, the total water-using quantity was regarded as rigidity to retrain, distributed to counties (districts), irrigated areas, towns, associations, groups step by step. Agricultural water price was substantially increased, with the surface water price from about $0.1RMB/m^3$ to more than $0.2 RMB/m^3$, and the ground water from zero to more than $0.1RMB/m^3$. Simultaneously, the difference water prices and over-quota water progression price markup were carried out. The transaction of water rights was encouraged to impel the peasant to establish the consciousness of saving-water. The regulatory documents were formulated to standardize the scope, condition, mode, program etc. of agriculture water-rights transaction, to guarantees the transaction of water rights is carries out in order. The pattern of farming was optimized and adjusted, reducing the high water-consumption crop, increasing economic crops with high benefit and low water-consumption, developing industrialized agricultures such as green house. The relative engineering and measuring facility were comprehensively improved, with the anti-seepage of canal system and the enforcement of dynamo-electric well, developing high-efficient water-saving irrigation and overall metering facilities. The water fine-grained management has realized, and obvious water-saving effect has obtained: water-using rate in the irrigation area by river water has brought up to 0.57 from 0.52, and by well water up to 0.84 from 0.76. Although the water price has increased, the proportion that the water rate expenditure accounted for the cost lasts decline, and the farmers' income has gone up. The peasants express, the used water is few, and it is few to till land, but the income is many, and life is better.

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한국의 대중국 항만 무역에서 J-curve 효과는 존재하는가? (Is There a J-Curve Effect in the Trade with China via Korean Ports?)

  • 김창범
    • 한국항만경제학회지
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    • 제27권3호
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    • pp.1-12
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    • 2011
  • 본 논문은 금융위기 이후 대중 수출증가가 경기회복에 주도적 역할을 하고, 우리경제의 중국경제 의존도가 크게 상승하는 상황에서 J-curve 효과가 우리나라 대중국 항만 수출입 흐름에 적용되는가를 월별자료를 이용하여 2000년부터 2010년까지의 기간에 대해 실증분석 하였다. 오차수정모형을 추정한 결과 단기적인 조정역할은 실질실효환율이 수행하는 것으로 나타났으며, 분산분해 결과 대중국 항만 무역수지에 대한 영향력이 국내경기보다 실질실효 환율과 세계경기가 더 크게 나타남을 알 수 있었다. 이와 더불어 수준변수로 구성된 VAR과 오차수정항을 포함한 VECM을 이용한 충격반응 분석을 실시한 결과 대중국 항만 무역수지는 환율 충격에 대하여 시차를 두고 반응을 보이는 것으로 나타나 J-curve 효과가 존재함을 알 수 있었다.

한국의 대ASEAN 수산물 수출결정요인에 관한 연구 (A Study on the Determinant of Korean Fisheries Export to ASEAN)

  • 임설매;김기수
    • 수산경영론집
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    • 제47권2호
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    • pp.15-32
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    • 2016
  • The Association of Southeast Asian Nations(ASEAN) has been the most essential organization in Asia. In spite of the world economic crisis, Southeast Asian countries have shown fast economic growth since 2000, and they have been actively expanding investments and trades especially with major countries. Research on competitiveness in ASEAN market has spawned an increasingly large literature, but empirical research on the determinants of Korea's export to ASEAN is limited. The purpose of this study is to draw out the determinant of Korean fisheries export to ASEAN by carrying out a panel analysis. For achieving such a purpose, pooled OLS, Hausman Test, Fixed Effect, Random Effect are performed. The last 20 years' data over the period of 1995 to 2014 concentrated on the ASEAN 6 countries such as Indonesia, Malaysia, Philippine, Singapore, Thailand, Vietnam is used in this study. Amount of aquatic products export to ASEAN is used as the dependent variable; real exchange rate, real GDP, relative price level and GDP per capita are used as the explanatory variables and FTA as dummy variable. Empirical results show that fixed-effect analysis is the best model among all the models. As the fixed effect model shows, real exchange rate, real GDP, GDP per capita and dummy variable(FTA) play positive and statistically significant roles in fisheries export to ASEAN, while price variable plays a negative and statistically significant role to the dependent variable.