• Journal of Korea Game Society
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• v.7 no.2
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• pp.41-52
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• 2007

Presently, the online game industry of Korea are growing up fastly. The growth of online game give rise to the new problem of regulation on Real Money Trade(RMT). This article analyzed the market failure of RMT, and showed whether or not the government regulate RMT. The results showed that the RMT has efficiency in monopoly and external economie, and inefficiency in external diseconomies and uncertainty. But, the inefficiency in external diseconomie and uncertainty is based on the regulation of RMT by the game company. So, it is necessary for government to deregulate the RMT for curing the inefficiency of RMT.

• Proceedings of the Korea Water Resources Association Conference
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• 2012.05a
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• pp.230-230
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• 2012

일본의 상하수도 사업은 국토교통성(하수도)과 후생노동성(상수도)으로 크게 양분되어 있으며, 환경성이 수질을 담당하는 체제로 이루어져 있다. 이는 수량과 수질을 분리하고 있는 우리나라와도 크게 다를 바가 없다. 그러나 중앙에서의 다원적인 분리와는 또 다른 차원으로 지방자치단체에서는 상하수도 통합이 급속도로 진행되고 있다. 이는 기후변화라는 지구적 환경의 변화와 더불어 해외 물산업에 대한 경쟁력이 밑바탕이 되면서 가속화되고 있다. 즉, 아시아의 신흥국을 중심으로 급격한 경제발전에 따른 인구가 증가하면서 정수장 및 하수처리장의 건설과 더불어 누수 및 도수(盜水) 문제가 현재화하면서 이에 대한 운영관리기술의 도입이 시급해졌기 때문이다. 이러한 과제를 해결할 수 있는 충분한 기술과 경험을 보유하고 있는 일본의 지방자치단체가 해외 물산업을 전제로 지자체 내의 상하수도 통합을 추진하고 있다. 본 연구는 이처럼 이원적으로 이루어지고 있는 일본 상하수도 업무의 법제도적 차이를 살펴보고, 특히 지자체를 중심으로 전개되고 있는 상하수도 통합과정의 동향과 의의를 풍중시((豊中市)토요나까시)의 사례를 중심으로 살펴보았다. 풍중시(豊中市)는 2008년 상하수도 통합을 천명하면서 기존의 운영방침에서 크게 탈각하는 정책을 취하게 되었고, 이 정책을 통하여 시의 지속가능한 발전 및 위기관리체제를 일신하고, 나아가 기후변화에의 대응력 강화에까지 그 범위를 확장하고 있다. 지자체의 상하수도 통합논의가 가속화되는 반면, 일본 중앙 정부에서는 아직 이렇다 할 움직임을 보이지는 않고 있다. 이는 부처간의 이견차이가 큰 부분인 만큼 쉽사리 제도적인 변경으로 움직이기는 어려울 것이다. 그러나 밑으로부터의 이러한 거대한 개혁움직임과 그 동인의 정당성을 확보해가고 있는 과정을 감안한다면 정부차원의 상하수도 통합이 완전히 부정되기도 어렵다. 상하수도 통합논의와 관련한 일본의 사례는 향후 우리나라 상하수도 정책을 재검토할 수 있는 계기가 될 것이다.

• Korea Trade Review
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• v.48 no.3
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• pp.107-130
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• 2023

This study examines the economic effects of a developed country's minimum quality standards (MQS) and mutual recognition agreements (MRAs) between countries. Based on the results of such analysis, it also considers the optimal MRA strategy for South Korea. For this purpose, the paper constructs a simple three-country model in which the representative firms in each country supply differentiated goods to the developed country market. The analysis results are as follows: First, the rise in the MQS of a developed country intensifies the competition level, reduces the profits of all firms, and raises the developed country's consumer surplus. In addition, if one of the firms exits the market due to the MQS, competition is relaxed, and the profits of the remaining firms increase. Second, countries subject to MQS can improve their social welfare through the MRAs; thus, it is essential to utilize them strategically. In the case of South Korea, the optimal situation is to have an MRA with the developed country or for all three countries not to have any MRA.

• KDI Journal of Economic Policy
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• v.12 no.3
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• pp.153-172
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• 1990

The present paper investigates the potential value of strategic antitrust policy in an oligopolistic international market. The market is characterized by a non-cooperative Cournot-Nash equilibrium and by asymmetry in costs among firms in the world market. The model is useful for two reasons. First, it is important in the context of policy-making to examine the conditions under which it may be beneficial to relax antitrust law to enhance competitiveness. Second, the explicit derivation of the level of cost-saving required for a gain in total domestic surplus provides an empirical rule for excluding industries that do not satisfy the requirements for a socially beneficial antitrust exemption. Results of the analysis include a criterion that tells how the cost-saving and concentration effects of a merger offset each other. The criterion is derived from fairly general assumptions on demand functions and is simple enough to be applied as a part of the merger guidelines. Another interesting policy implication of our analysis is that promoting mergers would not be a beneficial strategy in a net importing industry where cost-saving opportunities are thin. Cost-saving domestic mergers are more likely to increase national welfare in exporting industries. The best candidate industries for application of strategic antitrust policy are those with the following characteristics: (i) a large potential for efficiency enhancement; (ii) high market concentration at the world but not the domestic level; (iii) a high ratio of exports to imports. Recently, many policymakers and economists in Korea have also come to believe that the appropriate antitrust policy in an era of increased foreign competition may actually be to encourage rather than to prohibit domestic mergers. The Industry Development Act of 1986 and the proposed bill for Mergers and Conversions in the Financial Industry of 1990 reflect this changing perspective on antitrust policy. Antitrust laws may burden domestic firms in the sense that they have a more constrained strategy set. Expenditures to avoid antitrust attacks could also increase costs for domestic firms. But there is no clear evidence that the impact of antitrust policy is significant enough to harm the competitiveness of domestic firms. As a matter of fact, it is necessary for domestic financial institutions to become large in scale in this era of globalization. However, the absence of empirical evidence for efficiency enhancement from mergers suggests caution in the relaxation of antitrust standards.

• KDI Journal of Economic Policy
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• v.14 no.2
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• pp.29-54
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• 1992

Recent studies on the economic effects of trade liberalization and economic integration have emphasized the significant gains associated with product differentiation and scale economies. Securing access to markets in other countries will make it possible to increase product variety and capture scale economies, thus, expanding the gains from trade. Liberalization is also expected to introduce foreign competition into the previously closed market. Concurrently, the liberalization will improve the competitive market environment for firms selling in the domestic market. Firms will be pressed to either exit or reduce cost. The output per firm, then, will increase due to the exit of rival firms, and the average total cost will decline due to the economies of scale. 'Rationalization' of the production process will eventually follow. This paper addresses the economic effects of (counterfactual) bilateral tariff elimination between Korea and Japan. It computationally assesses the gains from liberalization as well as the resource allocations and welfare effects associated with the tariff reduction. The endogenous determination of the key parameters distinguishes this paper from others. The firm's perceived elasticity of demand and elasticity of substitution in the present model are calibrated to be consistent with the base year data. Korea, Japan, and the rest of the world are modeled explicitly. The sectoral coverage of the model includes twenty-three tradable product categories based on three-digit SITC industries and seven nontradable categories based on one-digit SITC industries. Product categories are also classified into perfectly competitive and imperfectly competitive ones. In the imperfectly competitive industries, product differentiation exists at the firm level, while the perfectly competitive industries are characterized by national product differentiation. The simulation results of bilateral tariff reduction are reported. Tariff elimination tends to increase intra-industry trade flows so that the total amount of exports and imports of both countries expand. Yet, Japan is expected to increase the bilateral trade surplus in the wake of the mutual tariff reduction. Terms-of-trade for Korea will not change, while for Japan it will deteriorate. Equivalent variations reflecting the change in consumer surplus (welfare) will favor Korean consumers. Total output, however, will not change substantially, recording 0.5 and 0.6% for Japan and Korea, respectively. An interesting finding in the analysis is that the gains from increased competition and scale efficiency are not as prevailing as expected in theory.

• Informatization Policy
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• v.18 no.4
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• pp.85-102
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• 2011

The world is focusing on e-books as the e-book market is growing rapidly as a fused industry at the crossroads of information technology and digital content. Many countries are actively participating in this new market and leveraging on its potential and growth, while Korea's market is still in its preliminary stage. There is a good reason to be concerned over the fact that access to digitalized materials that are the most relevant to the current time are not readily available. Therefore, the strategy in collecting and utilizing content must be newly refurbished. In order to do this, the legal issues and policies related to digital libraries must be considered. The most relevant examples from abroad are Google Book Search and the EU's Europeana project. Then, what are the necessary measures for Korea to materialize its own digital library? Digital libraries can significantly influence social welfare and bring forth economic effects. Social preparation surrounding this subject should continue to increase because digital libraries will change the manner in which people share and use information. Therefore, this paper aims to examine the legal and economic problems and issues related to the establishment of digital libraries as well as to provide policy recommendations.

• Environmental and Resource Economics Review
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• v.14 no.3
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• pp.699-728
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• 2005

This article is basically an extension of Barten(1993), Brown et al. (1995), Holt and Bishop's(2002) price formation system. A new dynamic price formation system is attempted considering full rationality of the consumers' side. The underlying idea of the new dynamic price formation system is that consumers are rational and farsighted and thus consider past and future consumptions in addition to current consumption to accept the prices traders called. In an empirical application, the U.S. commercial fish demand data are particularly interesting to this analysis in which the species are over fished, including many of the most valuable species. Especially, the grouper-snapper complex are under management jurisdiction of the National Marine Fisheries Council. In the empirical section, it shows how to adapt the model to estimate the marginal values to consumers of commercial fisheries. Since it is conceived of regulations as inducing movements along the marginal value curves, it is of growing importance to regional and national policy makers who are confronted with competing claims on diminishing fish stocks by commercial fisheries interests. It performs well and shows the plausible signs and magnitudes of price flexibilities and interaction among species. It further contributes to the general methodology of applied economics.

• Environmental and Resource Economics Review
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• v.14 no.3
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• pp.673-697
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• 2005

The purpose of this paper is to estimate the total damage cost (i.e., individual welfare loss) due to dust-sand storm (DSS) in Korea, using contingent valuation method. CV market scenario is designed to elicit individual WTP for reducing the currently 14 days of average DSS per year by 50 percent. Question about the shares of various types of damage costs are directly asked after the respondent answered about his or her WTP in CV questionnaire. The yearly damage cost due to DSS is 29,510 won(95% C.I. 24,565~35,452won) in the case of an individual, therefore amounts to 444.1 billion won(95% C.I. 407.3~481.0 billion won) for the whole nation. The cost of amenity reduction counted as 33.8% is 150.1 billion won(95% C.I. 137.7~162.6 billion won); the cost of increase in morbidity counted as 36.6% amounts to 162.5 billion won(95% C.I. 149.1~176.0 billion won); the cost of averting behaviors counted as 14.5% is 64.4 billion won(95% C.I. 59.1~69.7 billion won); and the cost of car wash, activity restriction and so on, which was counted as 15.1%, amounts to 67.1 billion won(95% C.I. 61.5~72.6 billion won).

• Environmental and Resource Economics Review
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• v.26 no.3
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• pp.399-416
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• 2017

This study examines the problem of efficient scheduling of waste collection in isolated regions like islands when the waste accumulated amount surpasses the standard ceiling by effectively tracking the accumulating trends based on the optimum checking model of Keller (1974). To grasp whether the waste accumulated amount in isolated regions exceeds the standard ceiling, the relevant authorities can tightly check during a set period, but this entails higher monitoring costs. On the other hand, if the accumulated waste over the ceiling is not immediately checked and collected, and continues for a set period of time, innovative efforts for waste management may be highly demanded. As such, the tradeoffs are considered to draw the optimal checking schedule. This study shows that the authorities get to check less frequently the waste accumulation trends if the monitoring costs increase or when the failure rate of waste management systems drops. On the other hand, they get to check more frequently if the accumulated waste amount in isolated regions exceeds the standard ceiling and welfare loss grows as a result. It also shows that frequent checking is the optimal choice if the social marginal benefits enjoyed from innovative efforts made to keep accumulated waste below the standard ceiling, are not significant.

• International Area Studies Review
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• v.15 no.2
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• pp.331-350
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• 2011

This paper analyzes balance of goods for a panel data of 56 industry classification in the MTI from 1980 to 2009. This study also develops the equilibrium adjustment process, which is a trade-off between the adjustment costs towards equilibrium costs for balance of goods and the cost of being in disequilibrium. In this framework, the GMM estimation procedure is used to estimate this dynamic panel model consistently. It is found that equilibrium balances of goods in Korean adjust to the speed is very slow to 0.0389. because of this is necessary to adjust the equilibrium goods balance as the cost of goods balance deficit is larger than by the cost. In addition, the real income elasticity for goods balance of resin in Japan and Korea, the real income elasticity 4.38168 and -0.835225, respectively, the marks were consistent with economic theory. The exchange rate elasticity of goods balance in japan to 0.478435 were found in the inelastic.