• 제목/요약/키워드: market equilibrium

검색결과 275건 처리시간 0.029초

자연산 어류의 시장 통합성 분석 (Analyzing Market Integration of Wild Caught Fish Species)

  • 김도훈
    • 수산경영론집
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    • 제44권1호
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    • pp.71-79
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    • 2013
  • This study is aimed to estimate market integration of wild caught fish species on the Korean market, using both multivariate and bivariate cointegration analysis. For the analysis of market integration between wild caught fish species, major four fish species those are most popular fish in the market and caught by the large purse seine fishery-chub mackerel, jack mackerel, hairtail and spanish mackerel-were selected as analytical target fish species. And their real monthly price data from January 2000 to December 2011 were used in the analysis. The results of the multivariate cointegration test for four wild caught fish species showed that there would be long-term equilibrium relationships among prices of four wild caught fish species, and consequently, the markets for wild caught fish species were estimated to be integrated. The results of exclusion test and bivariate cointegration test also supported that there would be a clear evidence to suggest that all target wild caught fish species were cointegrated each other.

신한류 아이돌 음악과 한국대중음악시장의 생태계 균형에 관한 연구 2000-2014 (The Study for Idol Music as New Korean Wave and Ecosystem Equilibrium of Korean Popular Music Market 2000-2014)

  • 김기덕
    • 한국콘텐츠학회논문지
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    • 제15권6호
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    • pp.157-167
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    • 2015
  • 본 연구는 신한류를 주도하고 있는 아이돌 음악의 대중화가 한국대중음악시장의 생태계 균형에 어떠한 영향을 주었는지를 연구하였다. 이는 많은 언론들이 아이돌 음악의 대중화로 인해 전체시장이 불균형을 이루고 있다는 보도에 문제를 제기하기 위함이다. 연구방법은 페터슨의 문화생산론을 차용하였고 분석대상은 국내 디지털 음원유통 1위인 멜론 가요음악차트의 2000-2014년 주간 Top10을 사용하여 이중 차트에 진입한 아이돌 음악만을 선별하여 양적연구를 하였다. 연구결과 아이돌 음악은 한국대중음악시장의 생태계 구성에 불균형을 초래하지는 않았으며, 오히려 다양한 음악 스타일을 선보이며 음악시장의 장르 다양성에 기여하고 있음을 발견하였다. 이러한 올바르지 않은 정보로 신한류를 주도하고 있는 아이돌 음악의 생산이 위축되어서는 안 될 것이며, 향후 정부 관련기관은 검증된 사실에 입각하여 정책을 수립하여야 할 것이다. 이것은 한류의 지속가능성과 확대 재생산을 위한 중요한 문제로 다루어져야 하기 때문이다.

복점 멀티미디어 클라우드 서비스 시장에서의 가격 경쟁 (Price Competition in Duopoly Multimedia Cloud Service Market)

  • 이두호
    • 한국콘텐츠학회논문지
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    • 제19권4호
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    • pp.79-90
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    • 2019
  • 최근 들어 다수의 클라우드 서비스 제공자가 클라우드 컴퓨팅 서비스를 제공함으로써 각 제공자는 더 많은 사용자를 확보하기 위해 치열한 경쟁을 벌이고 있다. 서비스 제공자별 컴퓨팅 자원의 구성 및 서비스 제공 부하가 다르기 때문에 사용자는 다양한 수준의 서비스 품질을 경험할 수 있다. 따라서 클라우드 서비스 시장에서 더 많은 사용자를 확보하여 수익을 최대화하기 위해서는 서비스 품질에 대한 가장 합리적인 가격을 결정하는 것이 매우 중요하다. 본 연구에서는 두 명의 서비스 제공자가 존재하는 멀티미디어 클라우드 서비스 시장에서 두 제공자 간 서비스 가격 경쟁에 대해 다룬다. 두 명의 클라우드 서비스 제공자가 최적의 가격을 결정하여 상호 경쟁하고 자신의 이익을 최대화할 수 있는 가격 산정 방법을 비협력 게임 이론으로 설명한다. 이를 위해 멀티미디어 클라우드 서비스의 제공 프로세스를 대기행렬 시스템으로 모형화하고, 분석 결과를 바탕으로 복점 멀티미디어 클라우드 서비스 시장에서 가격 경쟁 문제를 제안한다.

Output and Real Exchange Rate in Developing Countries: Evidence from China

  • Huan, Xingang;He, Yugang
    • 산경연구논집
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    • 제8권5호
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    • pp.7-13
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    • 2017
  • Purpose - The purpose of this paper is to analyze the relationship between the real exchange rate and the output, which is based on the macroeconomic equilibrium theory in China. Its aim will be to verify whether the change in the real exchange rate has a significant effect on the output or not. Research design, data, and methodology - This study endeavors tries to investigate the correlation among economic variables under the macroeconomic market (the commodity market and the money market) equilibrium. So, time-series data from 1990 to 2016 is applied to establish a vector auto-regression (VAR) model so as to perform an empirical analysis. Results - The empirical results reveal that an increase in the real exchange rate will result in an increase in the output in the short run. However, the empirical results also indicate that this kind of mechanism cannot work in the long run. Conclusions - The effect of a decrease of real exchange rate on output is significant in the short run. Also, this paper suggests that the total supply and the total demand can promote economic growth. The fiscal and money policy play a significant role in economic growth in China as well.

축산물 군납사업의 사회적 후생효과 분석 (The Welfare Effects of the Military Purveyance Program of Livestock Products)

  • 장재봉;김윤형
    • 농촌계획
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    • 제28권4호
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    • pp.31-39
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    • 2022
  • This study empirically analyzed the welfare effect of the military purveyance program, which plays an important role in maintaining the sales channel and demand base in Korea's agricultural and livestock industry, as well as the stable supply of safe ingredients for military meals essential for the morale and combat power of soldiers. The military purveyance program causes additional demand for domestic livestock products, affecting the trading volumes and price levels in the market. This will change the welfare of producers and consumers, and affect the welfare of soldiers who are subject to military meals. The analysis results obtained through a simulation method based on the equilibrium displacement model are as follows. In the case of pork delivered for military service, producer surplus increased by KRW 55.3-62.2 billion and consumer surplus decreased by KRW 55.1~62.0 billion based on pork production in 2021. It wad analyzed that the consumer surplus in the military supply market, rather than the conventional market, increased by KRW 96.9 billion won, resulting in a total welfare gain of KRW 97.1 billion.

The effect of Korea's policy to support the purchase of raw materials for export of livestock products

  • Jaesung Cho;Sanghyen Chai;Hanpil Moon
    • 농업과학연구
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    • 제49권4호
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    • pp.813-821
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    • 2022
  • The Livestock Raw Material Purchase Fund is a policy to increase the export of livestock products by providing loans to exporters of livestock products (including byproducts). The policy started in 2015 and the annual budget is about 26 billion won. However, a quantitative evaluation of policy effects has not yet been made. Therefore, in this study, the economic surplus of the policy was analyzed using the equilibrium displacement model (EDM). From the results of the welfare analysis, from 2016 to 2019, producer surplus in the chicken and duck market increased by KRW 70.9 billion, while consumer surplus decreased by KRW 70 billion. In other words, the total economic surplus of the chicken and duck market increased by about one billion won during the same period due to the increase in export demand according to the policy. Therefore, the Livestock Raw Material Purchase Fund can be viewed as a policy to maintain and increase export demand for export livestock products and to improve the economic surplus of the livestock product market. Also, since the policy is based on loans, it does not place a burden on the government's finances. Therefore, this policy should continue in the future.

Spatial Price Competition in the Korean Retail Gasoline Market

  • Kim, Donghun;Lee, Jiyon
    • 자원ㆍ환경경제연구
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    • 제23권4호
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    • pp.553-581
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    • 2014
  • This paper analyzes competition among service stations in the Korean gasoline market. We consider spatial differentiation as a source of product differentiation as well as the characteristics of the stations and vertical contracts between refiners and retailers as factors causing changes in equilibrium prices in the Korean gasoline retail market. The effect of the government's price disclosure policy on the retail market competition is also analyzed. Moran's I test indicates that the prices of neighboring gas stations are spatially correlated in the market. It is also found that gasoline prices for vertically integrated stations are much lower than those for independent stations. In addition, unbranded stations charge lower prices than branded stations but also induce branded stations to price more competitively. Meanwhile, the government's price disclosure policy did intensify price competition in the retail gasoline market. It is inferred that the price disclosure policy contributed to retailers gaining more bargain power in price negotiation with refiners, causing an eventual increase in retail prices.

연료제약 발전기를 고려한 전력거래 해석기법 연구 (Analysis on a Power Transaction with Fuel-Constrained Generations in an Electricity Market)

  • 이광호
    • 대한전기학회논문지:전력기술부문A
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    • 제53권8호
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    • pp.484-489
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    • 2004
  • When the energy resource available to a particular plant (be it coal, oil, gas, water, or nuclear fuel) is a limiting factor in the operation of the plant, the entire economic dispatch calculation must be done differently. Each economic dispatch calculation must account for what happened before and what will happen in the future. This paper presents a formulation and a solution method for the optimization problem with a fuel constraint in a competitive electricity market. Take-or- Pay (TOP) contract for an energy resource is the typical constraint as a limiting factor. Two approaches are proposed in this paper for modeling the dispatch calculation in a market mechanism. The approaches differ in the subject who considers and inserts the fuel-constraint into its optimization problem. Market operator and each power producer having a TOP contract are assumed as such subjects. The two approaches are compared from the viewpoint of profits. surplus. and social welfare on the basis of Nash Equilibrium.

한국 전력시장에서의 가스터빈(GT) 발전기 경쟁력 및 시장 미진입 적정성 분석 (Analysis of Gas Turbine Competitiveness and Adequacy of Electricity Market Signal in Korea)

  • 김은환;박용기;박종배;노재형
    • 전기학회논문지
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    • 제66권8호
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    • pp.1172-1180
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    • 2017
  • This study analyzed competition in peak load plants between CCGT and GT instead of competition between base and peak load plants like in previous studies. In common overseas power markets, CCGT and GT claim certain market shares as peak load plants with the latter boasting a high utilization rate as reserve plants. In South Korea, however, there has been no introduction of GT in the market that opened in 2001 with no analysis cases of GT's economy as a peak load plant. The current power market of South Korea is run on the cost-based pool, which allows for no price spikes. Since the capacity payment criteria for compensations for missing money are set based on GT generators, the power market uses GT generators as marginal plants. The purposes of this study were to analyze the competitive edge of GT generators as peak load plants in the domestic power market of South Korea and identify the causes of GT's failure in market entry, thus assessing the adequacy of market signals in the domestic power market.