• Convergence Security Journal
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• v.14 no.6_2
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• pp.3-13
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• 2014

The purpose of this research is to establish the effects of the welfare benefits for security agents on the organizational commitment and the job satisfaction. To achieve this purpose, data were collected from 288 security agents of the security companies located in Seoul and Gyeonggi regions using the welfare benefit, organizational commitment, and job satisfaction scale, and the collected data were analyzed using SPSS 18.0 and AMOS 18.0. The conclusion obtained from the results of the analysis is as follows : First, it was the difference in welfare benefits, organizational commitment, job satisfaction, depending on individual characteristics of the security agents. Second, it was found that the cultural support, facilities support, economic support, and life support of welfare benefits had positive effects on the organizational commitment of security agents, and the conclusion that the welfare benefit factors are important to increase the organizational commitment was derived. Third, it was found that the cultural support, facilities support, economic support, and life support of welfare benefits had positive effects on the job satisfaction of security agents, and the conclusion that satisfying the welfare benefits is a way to raise the job satisfaction was derived.

• KDI Journal of Economic Policy
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• v.35 no.3
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• pp.1-38
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• 2013

This study investigates the welfare implications of BTL projects using a general equilibrium model with the public sector and public-private partnerships. We show that when the government is not allowed to run budget deficits but private firms is able to overcome the financial constraint, BTL projects performed by public-private partnerships (PPPs) could be a good alternative and improve the welfare of the model economy. This paper quantitatively investigates excessive expansion of PPP projects and several alternatives to retrieve welfare losses caused by such an expansion. Assuming that future rents of BTL projects are not taken into account, we find the welfare losses up to 20 percent relative to conventional government projects. Finally, we show that it would be possible to reduce the losses by transforming the fully depreciated capital stock of the government projects into much smaller new PPP projects.

• Journal of Convergence for Information Technology
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• v.9 no.11
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• pp.103-109
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• 2019

The purpose of this study is to examine various existing models that analyze the economic value of meteorological information, to present a new analysis model, a market model, and to quantitatively analyze the economic value of meteorological information in the Korean service industry using the market model. The research method of this paper will basically use empirical analysis along with the theoretical approach to critically examine the existing analytical model of economic value of meteorological information and to suggest a new analytical model. The analysis results are as follows. Theoretically, the marginal cost of firms is reduced by providing the amount of weather information, and social welfare is increased by the increase of consumer and producer surplus. In this paper, the marginal cost of 1% increase in the amount of weather information decreases by 0.101% and the increase in social welfare increases by 1,247billion Won in 2017. On the other hand, in the accommodation and restaurant sectors, the marginal cost due to a 1% increase in weather information decreased by 0.218%, and the social welfare increase increased by 308billion Won in 2017.

• International Area Studies Review
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• v.22 no.3
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• pp.201-219
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• 2018

This paper suggested a theoretical model, in which a security-based(secured loan, non-secured loan) credit agreement determines the form of corporate cost function through a loaning company's cost minimization in the light of a company which behaves monopolistically in product markets. Also, this paper analyzed the influence of a corporate credit agreement on market equilibrium, and economic welfare in product markets. As a result, it was found that in case a company, whose equity capital is small, implements borrowing based on a secured loan from a financial institution, the company comes to face borrowing restraints, in which the company has no choice but to get a loan within the scope of securities. When a company offers its capital goods, i.e. a production factor, as a security, there occurs a distortion to the production factor input ratio. Meanwhile, when a company comes to get a loan based on an unsecured loan, for which the interest rate is high, marginal cost rises; accordingly, the company comes to choose a credit agreement aiming at maximizing its profits. However, a company's choice of a credit agreement is not quite desirable from a consumer's viewpoint, and from the whole economic point of view; overall, such a choice is likely to aggravate economic welfare.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2003.05a
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• pp.45-56
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• 2003

본 논문에서는 경제적인 관점에서 컴퓨터 프로그램에 관련한 지적재산권이 과도하게 보호되지 말아야 하는 논리와 그에 따른 처방에 대해서 분석한다. 사용자의 투자가 엄청난 경우나 접속 사양에 대한 저작권 보호는 개발자에게 과도한 보상을 하여 줄 수 있다. 특히 사실상의 표준화가 실현되는 경우에는 경쟁적인 대체재에 대한 통제를 하게 될 수 있는 등의 이유로 반경쟁적이 되며 이에 따른 막대한 후생손실이 결과한다. 이외에도 저작권 보호로 보완재의 출현을 봉쇄하게 될 때, 지적재산권 보호에 따른 관련 산업이 반경쟁적이 됨에 따른 후생 손실이 결과한다. 이러한 후생손실은 소프트웨어에 고유로 존재하는 망외부성으로 인하여 더욱 크게 나타난다. 그러므로 어떤 소프트웨어가 사실상의 표준을 실현한 경우에 저작권이 부여는 신중을 기해야 함을 본다.

• Environmental and Resource Economics Review
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• v.25 no.3
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• pp.351-376
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• 2016

This study examines optimal emission taxes and welfares in mixed duopoly markets where public and private firms produce differentiated goods and emit pollutions. Both comparing quantity and price competitions and comparing simultaneous and simultaneous games provides the followings findings: First, irrespective of competition modes between quantity and price competitions or simultaneous and sequential games, the optimal emission tax is always lower than marginal environmental damage. Second, emission tax under private leadership is the highest in quantity competition while that under public leadership is the highest in price competition. Third, environmental damage under Cournot and private leadership is worsened in quantity competition while that under public leadership is worsened in price competition. Finally, welfare under Bertrand and public leadership is improved in price competition while that under private leadership is improved in quantity competition.

• Environmental and Resource Economics Review
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• v.19 no.3
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• pp.459-483
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• 2010

This paper constructs the two-part tax-a combined form of output tax and entrance fee-for polluting oligopolists under endogenous entry. In the presence of external damage that varies exogenously with aggregate output, we show that the two-part tax produces the ex post Pigouvian rule and thus achieves the first-best optimum. We also examine a detailed analysis of the impact of the two-part tax on social welfare and government revenues. Finally, when estimation errors exist in the process of regulation, we identify the incentive conflicts between interest groups and analyze the effects of estimation errors on determining optimal tax. In particular, we show that if the regulator takes care of both welfare loss and revenue gain under the proposed two-part tax, not only over-estimation on the slope of external damage but also under-estimation on the slope of market demand should be taken into the policy consideration.

• Journal of Korea Port Economic Association
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• v.32 no.3
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• pp.21-33
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• 2016

This paper examines the effect of strategic trade policy on port ownership structures (nationalization or privatization) when two firms compete with each other in reciprocal markets. Furthermore, we analyze firms profits, port charges, ports profits and social welfare when ports are privatized or nationalized under tariff regime and under free trade regime respectively. Thus, we find that (i) under tariff regime, port nationalization is a dominant strategy regardless of transport costs. (ii) the effect of high port charges brings higher port profits than the effect of high trade volume. (iii) irrespective of trade regime, when transport cost is relatively low, port nationalization increases social welfare, while two government prefer free trade agreement to tariff regime when transport cost is sufficiently high regardless of port ownership structures.

• Journal of Labour Economics
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• v.36 no.3
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• pp.65-96
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• 2013

Analysis based on the Korea Labor and Income Panel Survey data reveals that earnings have become less volatile since the exchange rate crisis, while they have become more unequal. The reduction in measured earnings volatility is not explained by changes in the composition of various economic/demographic groups but accounted for by within-group reduction in the measured earnings volatility, which in turn is attributed to the reduced earnings mobility during the sample period. It is also found that measured earnings volatility is countercyclical and earnings changes are symmetric even during recessions.

• Korea Trade Review
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• v.43 no.5
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• pp.47-66
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• 2018

This study analyzes the potential economic effects of a trade war between the U.S. and China. The CGE model is used to estimate the macroeconomic variables of each country and the change in imports/exports by industry by considering three different scenarios: (i) the US imposes a 25% of tariff on China; (ii) the US and China impose a 25% tariff bilaterally; (iii) the United States expands protection in vehicles and metals to Korea, Japan, and the EU. According to the results of the study, when the US and China initiate a trade war, GDP and welfare of both countries decline. China's decline in GDP and welfare are larger than those of the United States, which implies a trade war is more favorable to the U.S. than to China. In the long run, China's GDP and welfare decline widens further. While the trade volumes of the US and China are greatly reduced, the trade volumes of other countries does not significantly fluctuate. Finally, if the US extends protection policy to Korea, Japan and the EU, it creates undesirable effects on the US. In particular, damage to the US jeopardizes its advantageous position in a trade war with China. In order to emphasize the unfairness of protectionist policy and the damage to Korean industry, Korea needs to establish a strategy to counter US protectionist policy.