• Environmental and Resource Economics Review
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• v.20 no.4
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• pp.689-733
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• 2011

This study evaluates a novel scheme to trade sulfur dioxide emission permits subject to non-uniform rates. These rates are based on generators' marginal costs of compliance with environmental policy in a hypothesized least social-cost solution. This scheme is compared against the existing trading program used by the U.S. Environmental Protection Agency, featuring permits tradable one for one. Both policies are modeled to yield identical aggregate emissions. A numerical partial-equilibrium model of the U.S. energy industry is used to infer sulfur dioxide concentrations and health damages, as well as producer and consumer surplus, under the two policies. Regional pollution levels are found to vary across the two policies significantly. The system of exchange rates is estimated to outperform the uniform-trading scheme by $2.2 billion in industry profits and $2.1 billion in health damages, but to reduce consumer surplus by $6.7 billion. Paradoxically, exchange rates are thus estimated to lower total welfare by $2.5 billion. This is due to conceptual mechanism-design problems, as well as empirical issues.

• Journal of KIISE:Computer Systems and Theory
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• v.36 no.1
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• pp.9-20
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• 2009

In a real-time system with both hard real-time periodic tasks and soft real-time aperiodic tasks, it is important to guarantee the deadlines of each periodic task as well as obtain fast response time for each aperiodic task. This paper proposes Enhanced Total Bandwidth Server (ETBS) with possibly shorter response time than Total Bandwidth Server (TBS), which is efficient and widely used for servicing aperiodic tasks. For uniprocessor system using Earliest Deadline First (EDF) scheduling algorithm, ETBS assigns an on-line deadline to each aperiodic task considering a surplus slack time which gained for every unit execution time of periodic job. The proposed method can fully utilize the processor while meeting all the deadlines of periodic tasks. We show that the proposed ETBS provides better response time of aperiodic tasks than TBS theoretically, but has the same computational complexity as TBS, O(1). Simulation results show that the response time of aperiodic tasks with ETBS are shorter than one with TBS.

• Journal of the Korean Solar Energy Society
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• v.40 no.3
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• pp.21-31
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• 2020

The government mandates gradually zero energy building and Photovoltaic power generation systems installed in buildings are emerging as the most realistic alternative to increase the independence rate of building energy. In this study, we propose a method to reduce the power consumption of households by increasing the PV capacity of balconies and applying the method used the charged electric power stored in batteries after sunset. In order to evaluate the electric power energy savings of the residential BESS, a balcony PV 1.2 kW and a battery pack 2 kWh were installed for 9 houses in 4 apartments in Seoul and Gyeonggi-do. The BESS is charged when the balcony PV is generated electric power, and when solar power generation is finished, it supplies power to the electric appliances connected to the load. As a result of installing the solar PV module 1.2 kW and 2 kWh class BESS for 3 households located in Seoul and Gyeonggi-do, the average electric power consumption saving rate was 40%. The reduction in electricity consumption in the case of zero generation surplus power by maximizing the utilization rate of BESS has been improved to about 53%. Therefore, in order to increase the self-sufficiency rate of electric energy in apartment houses, it is effective to increase the solar photovoltaic capacity of the balcony and apply the residential BESS. In the future, it is believed that the balcony PV and home BESS will play a key role in achieving mandatory zero-energy housing.

• Journal of Electrochemical Science and Technology
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• v.10 no.3
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• pp.302-312
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• 2019

The voltage produced from the salinity gradient in reverse electrodialysis (RED) increases proportionally with the number of cell pairs of alternating cation and anion exchange membranes. Large-scale RED systems consisting of hundreds of cell pairs exhibit high voltage of more than 10 V, which is sufficient to utilize water electrolysis as the electrode reaction even though there is no specific strategy for minimizing the overpotential of water electrolysis. Moreover, hydrogen gas can be simultaneously obtained as surplus energy from the electrochemical reduction of water at the cathode if the RED system is equipped with proper venting and collecting facilities. Therefore, RED-driven water electrolysis system can be a promising solution not only for sustainable electric power but also for eco-friendly hydrogen production with high purity without $CO_2$ emission. The RED system in this study includes a high membrane voltage from more than 50 cells, neutral-pH water as the electrolyte, and an artificial NaCl solution as the feed water, which are more universal, economical, and eco-friendly conditions than previous studies on RED with hydrogen production. We measure the amount of hydrogen produced at maximum power of the RED system using a batch-type electrode chamber with a gas bag and evaluate the interrelation between the electric power and hydrogen energy with varied cell pairs. A hydrogen production rate of $1.1{\times}10^{-4}mol\;cm^{-2}h^{-1}$ is obtained, which is larger than previously reported values for RED system with simultaneous hydrogen production.

• International Area Studies Review
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• v.16 no.3
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• pp.27-51
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• 2012

Among the hypotheses regarding the internal process of industrialization, the debates about 'labor-surplus' model have been intensive. The basic idea of this neoclassical theory is that industrial development is brought about by the transfer of the unlimited cheap labor to the modern sector, and thus, under the labor-surplus situation labor-using technologies should be used for industrialization. Fei and Rannis attempted to confirm this theory by applying it to the Japanese economy. The purpose of this paper is to study whether the theory can be applied to Korean economic development. The neoclassical dualistic model which was designed by Kelly and Williamson was utilized. Simulating Korea's major economic variables for the period of 1965-1992 by using computable general equilibrium (CGE) model, we found that there are significant differentials between the simulation and the actual data. It suggests that Korea's economic development has not followed the neoclassical path -- creation of comparative advantage on the basis of market force.

• International Area Studies Review
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• v.15 no.2
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• pp.175-196
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• 2011

The developing countries have a lot of dormant resources, attempting the take-off of economic growth. The theory of 'vent for surplus' and Lewis model provide a good cornerstones to analyze the effect of export, FDI and domestic production on employment. This paper attempts to do empirical test to figure out what factor is significant as the determinant of Chinese employment. For this test, the estimation equations are derived from the Cobb-Douglas production function. The results are that the domestic production affects the most positive employment, compared to FDI and export. Unlikely general expectation, export doesn't have an substantial effect on employment in China. It is also found that the absorption of technology through export is lower than that of FDI in terms of the effect of technology on employment. So it is suggested that the employment policy should be shifted toward the increase of domestic production by using FDI rather than by promoting export industry. to reduce the internal imbalance.

• The Journal of the Korea Contents Association
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• v.21 no.2
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• pp.1-14
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• 2021

Recently, crowdfunding platforms have received attention as one of the content investment platforms for the public. This research attempts to explore the influencing factors on the success of movie euqity crowdfunding project. We use 'number of texts', 'number of images', 'star influence power', 'IP-based movie project', 'movie production stage', 'box office prediction', 'investment capital ratio', 'amount of surplus available investment', 'profit calculation method' and 'minimum investment amount' as independent variables. And we examined how these factors affects the achievement rate of movie crowdfunding. As a result of multiple regression analysis, 'movie production stage', 'investment capital ratio', 'amount of surplus available investment' and 'profit calculation method' have a significant effect on the crowdfunding achievement rate. In addition, the results of this research can be used for reference when planning film crowdfunding projects.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.53 no.6
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• pp.925-933
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• 2020

This study is aimed to compare stock assessment models which are effective in assessing red snow crab Chinonoecetes japonicus resources and to select and apply an effective stock assessment model in the future. In order to select an effective stock assessment model, a process-error model, observation-error model, and a Bayesian state-space model were estimated. Analytical results show that the least error is observed between the estimated CPUE (catch per unit effort) and the observed CPUE when using the Bayesian state-space model. For the Bayesian state-space model, the 95% credible interval(CI) ranges for the maximum sustainable yield (MSY), carrying capacity (K), catchability coefficient (q), and intrinsic growth (r) are estimated to be 10,420-47,200 tons, 185,200-444,800 tons, 3.81E-06-9.02E-06, and 0.14-0.66, respectively. The results show that the Bayesian state-space model was most reliable among models.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.55 no.2
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• pp.183-188
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• 2022

It is a difficult task to estimate parameters in even a simple stock assessment model such as a surplus production model, using only data about temporal catch-per-unit-effort (CPUE) (or survey index) and fishery yields. Such difficulty is exacerbated when time-varying parameters are treated as random effects (aka state variables). To overcome the difficulty, previous studies incorporated somewhat subjective assumptions (e.g., B₁=K) or informative priors of parameters. A key is how to build an objective joint prior of parameters, reducing subjectivity. Given the limited data on temporal CPUEs and fishery yields from 1999-2020 for common squid Todarodes pacificus, we built a joint prior of only two parameters, intrinsic growth rate (r) and carrying capacity (K), based on the resilience level of the population (Froese et al., 2017), and used a Bayesian state-space production assessment model. We used template model builder (TMB), a R package for implementing the assessment model, and estimating all parameters in the model. The predicted annual biomass was in the range of 0.76×10⁶ to 4.06×10⁶ MT, the estimated MSY was 0.13×10⁶ MT, the estimated r was 0.24, and the estimated K was 2.10×10⁶ MT.

• Journal of Korea Trade
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• v.25 no.3
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• pp.1-20
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• 2021

Purpose - The purpose of this paper is to examine the welfare effects of standards harmonization between technologically asymmetric countries, and to determine optimal harmonization strategies for a country with mid-level technological advancement. Design/methodology - Following Salop's circular city model (Salop, 1979), this study constructs a simple, horizontally-differentiated oligopoly model in which three firms and three countries exist. Each country adopts different compatibility standards and each firm incurs conversion costs for foreign market access due to differences in standards. The conversion costs are related to technology; standards harmonization removes these costs between participating countries. The paper considers three cases: i) no harmonization; ii) harmonization with the more technologically-advanced country and iii) harmonization with the less technologically-advanced country. Findings - The paper first considers a scenario in which all three firms occupy some share of the market in each country. It shows that standards harmonization with both the technologically moreor less-advanced country always increases consumer surplus and social welfare. In addition, the producer surplus will increase if the harmonization partner has a higher technology level, whereas it may decrease if the partner has a lower technology level. It also shows that if most domestic export goods are in sectors with conversion costs above a certain level, harmonizing standards with a technologically more-advanced country should be prioritized. Such strategies, moreover, should be emphasized when there exists a large technology gap among countries. Lastly, the paper considers another scenario, in which harmonization leads to the foreclosure of the non-member firm from the member countries' markets. It shows that harmonization improves the social welfare of a mid-level technology country regardless of its partner's technology. It also shows that the country should prioritize harmonization with the technologically less-advanced country. Originality/value - Though some of the existing studies consider the welfare effects of harmonization, their main assumption is that firms have the same conversion technology. Since complying with standards often requires substantial technological advancement and technical expertise, harmonization of compatibility standards between countries with gaps in technological ability carries different implications. This paper investigates the welfare effects of this harmonization and determines an optimal harmonization strategy while considering technological asymmetry among countries in standards compliance.