• Title/Summary/Keyword: Asymmetric adjustment

Search Result 32, Processing Time 0.029 seconds

Causality and Asymmetric Price Transmission in the Distribution Channel of the Tomato Market in Korea (토마토의 유통단계 간 인과성 및 비대칭적 가격 조정 연구)

  • Kim, Gi-Hwan;Kang, Chang-Soo
    • Korean Journal of Organic Agriculture
    • /
    • v.26 no.4
    • /
    • pp.571-583
    • /
    • 2018
  • The purpose of this study is to explore the dynamic properties of causality and asymmetric price transmission in the distributional channel of the tomato market in Korea. Using the wholesale and retail price series of the tomato market, we obtain the following results. First, the price transmission mechanism reveals the causal relationship channeling from the wholesale price to the retail price. Second, we find an asymmetric price transmission from the analysis using the threshold partial adjustment model. The retail price responds strongly when the wholesale price increases. On the other hand, the retail price shows sluggish adjustment when the wholesale price decreases.

Rockets and Feathers Across Multi-Gasoline Products: Evidence from Error Correction Model (수송용 유류제품의 제품별 비대칭성에 관한 연구: 오차수정모형을 통한 접근)

  • Chang, Yenjae;Kim, Dae-Wook
    • Environmental and Resource Economics Review
    • /
    • v.25 no.4
    • /
    • pp.495-516
    • /
    • 2016
  • This study empirically examines how asymmetric price adjustment of the retail gas price happens differently for various oil products, such as high-grade gasoline, regular gasoline, and diesel, by employing asymmetric error correction model within weekly data set from 2010~2015. Our estimation results show that the price adjustment, across the all oil types, predicated on shifting crude oil and wholesale oil prices is asymmetric. In addition, the duration of asymmetry was shorter in high-grade gasoline case than in other oil types. This took place by rapid price adjustment of high-grade gasoline price when faced with both cost increases and decreases, in comparison with regular gasoline and diesel cases. There results were attributed by characteristics of the consumer group and a high retail-wholesale margin of high-grade gasoline.

ATTITUED CONTROL BY ASYMMETRIC THRUSTERS’INDEPENDENT OFF MODULATION DURING ORBIT ADJUSTMENT MANEUVERS (궤도조절시 비대칭추력기 독립 비분사 조절에 의한 자세제어)

    • Journal of Astronomy and Space Sciences
    • /
    • v.16 no.2
    • /
    • pp.265-272
    • /
    • 1999
  • A thrusters modulation method is suggested for spacecraft attitude control with asymmetric configured thrusters during orbit adjustment maneuvers. Attitude is controlled by thrusters off-modulation during orbit maneuvers. Usual control method for symmetric configured thrusters cam not be applied for asymmetric configured thrusters. Disturbance induced from thrusters asymmetricity shall be compensated during pulsing. In this paper, a thrusters control method using null solution is suggested, which is shown working well without inducing disturbance.

  • PDF

Investment and Business Cycles: Focusing on Firms' Capital Adjustment Costs

  • NAM, CHANGWOO
    • KDI Journal of Economic Policy
    • /
    • v.44 no.1
    • /
    • pp.77-98
    • /
    • 2022
  • This paper empirically verifies that the types of capital adjustment costs serve as an important mechanism in relation to investment decision-making after confirming that the investment dispersion of Korean firms is pro-cyclical and can affect business cycles. Specifically, it is found through empirical methods using corporate financial data that capital adjustment costs generally assumed to take a quadratic form in macroeconomics are asymmetric and irreversible in the Korean economy. In particular, capital adjustment costs are empirically proven to cause investment dispersion to expand given that the substitution effect of the marginal value to the marginal cost for one unit of investment in the inter-temporal investment decision is affected by that cost with regard to the resale of owned equipment assets, as opposed to new investments in equipment assets. We ultimately show, albeit indirectly, that investment dispersion can affect business cycles as capital adjustment costs influences investment decisions. What is implied is that the capital adjustment cost is not merely an exogenously deep parameter that fits the dynamics of business cycles in a macroeconomic model but could instead be a policy variable that can be endogenized through government policies.

A Study on Asymmetric Price Adjustment in Domestic Petroleum Market (국내 석유시장에서 비대칭 가격조정에 관한 연구)

  • Kim, Jin Hyung
    • Environmental and Resource Economics Review
    • /
    • v.24 no.3
    • /
    • pp.523-549
    • /
    • 2015
  • This paper investigates an oil refiner's asymmetric behavior in the adjustments of gasoline and diesel prices to changes in his own price and his rivals' prices as well as input costs. An asymmetric error correction model which allows a firm's pricing behavior to the deviation of other firms' prices from their long-run equilibrium level is employed for estimation using weekly data for the period April 2009 to January 2015. Evidence is found that there is a significant degree of asymmetry in the adjustment of wholesale prices to changes in crude oil price. A similar result in regard to the exchange rate is also found by the data. The estimation results for firm's response to changes in other firms' prices indicates that implicit collusion could be more easily exploited in the wholesale petroleum market as results of firms' interaction with each other and anticipation of rivals' pricing behavior. A few refiners show competitive price adjustment in response to the upward deviation of the others' prices from their equilibrium level.

Analysis of the Asymmetric Interest rate Adjustments in Banks and Non-Bank Depository Institutions (은행 및 비은행 예금취급기관의 비대칭적 금리조정 분석)

  • Eui-hwan Park
    • Asia-Pacific Journal of Business
    • /
    • v.15 no.2
    • /
    • pp.223-236
    • /
    • 2024
  • Purpose - The purpose of the paper is to empirically investigate the asymmetric adjustment of loan and deposit interest rates among banks and non-bank depository institutions. Design/methodology/approach - We construct a VAR model using time series data comprising loan and deposit interest rates of banks and non-bank depository institutions, along with the call rate. Based on this model, we conduct impulse-response analysis and variance decomposition to investigate the dynamic relationship between the interest rates. Findings - In the case of banks and credit unions, the responses of deposit rates to the call rate are larger than the responses of loan rates, and we cannot find evidence of non-linear responses. In the case of savings banks, the responses of loan rates to the call rate are larger than the responses of deposit rates. The responses of loan rates to a positive call rate shock are statistically significant, while the responses of loan rates to a negative call rate shock are not statistically significant. Research implications or Originality - This study differs from previous research in that it examines the asymmetric response of loan and deposit rates of both banks and non-bank financial institutions to changes in the call rate. The implications for the impact of these findings on the financial system and income inequality are presented.

Comparison of Loss Function for Multi-Class Classification of Collision Events in Imbalanced Black-Box Video Data (불균형 블랙박스 동영상 데이터에서 충돌 상황의 다중 분류를 위한 손실 함수 비교)

  • Euisang Lee;Seokmin Han
    • The Journal of the Institute of Internet, Broadcasting and Communication
    • /
    • v.24 no.1
    • /
    • pp.49-54
    • /
    • 2024
  • Data imbalance is a common issue encountered in classification problems, stemming from a significant disparity in the number of samples between classes within the dataset. Such data imbalance typically leads to problems in classification models, including overfitting, underfitting, and misinterpretation of performance metrics. Methods to address this issue include resampling, augmentation, regularization techniques, and adjustment of loss functions. In this paper, we focus on loss function adjustment, particularly comparing the performance of various configurations of loss functions (Cross Entropy, Balanced Cross Entropy, two settings of Focal Loss: 𝛼 = 1 and 𝛼 = Balanced, Asymmetric Loss) on Multi-Class black-box video data with imbalance issues. The comparison is conducted using the I3D, and R3D_18 models.

A Study on Information Availability and Asymmetric Volatility in the Korea Stock Market (정보량과 비대칭적 변동성에 관한 연구)

  • An, Seung-Cheol;Jang, Seung-Uk;Ha, Jong-Bae
    • The Korean Journal of Financial Management
    • /
    • v.25 no.1
    • /
    • pp.109-140
    • /
    • 2008
  • The primary objective of this paper investigates whether asymmetric volatility phenomenon is caused by differences of opinion among investors and analyses information availability has an effect on asymmetric volatility. The empirical test period covers recent 6 years from January 4, 2000 to December 29, 2005. Five portfolios have been formed according to information availability(volume and market value). For the purpose of this study, We use TGARCH model, TGARCH-M model and adjusted model which include trading volume as a proxy differences of opinion among investors. The results are summarized as follows ; First, adjusted model analysis shows that asymmetric volatility phenomenon is disappeared or asymmetric coefficient and ratio is decreased than basis model. Second, portfolio analysis shows that the higher volume and market value, the more prominent asymmetric volatility phenomenon. And adjusted model analysis shows the higher volume and market value, the more decrease asymmetric ratio. Over all, assertion that differences of opinion among investors has caused asymmetric volatility phenomenon is regarded as reasonable. And, We see that information availability have great effect on asymmetric volatility phenomenon. We think that theses results can also occur opinion adjustment of optimistic investors. Namely, asymmetric volatility phenomenon can occur difference of information authenticity.

  • PDF

On A Pitch Alteration using the Waveform Symmetry with Time - Frequency Conversion (시간 - 주파수 변환에 의한 파형 대칭 피치변경법)

  • 박형빈
    • Proceedings of the Acoustical Society of Korea Conference
    • /
    • 1998.06c
    • /
    • pp.147-150
    • /
    • 1998
  • In the case of speech synthesis, the waveform coding method with high quality is mainly used to the synthesis by analysis. Because the parameters of this coding method are not classified as both excitation and vocal tract parameters, it is difficult to apply the waveform coding method to the synthesis by rule. Thus, in order to apply the waveform coding method to the synthesis by rule, a pitch alteration is required for the prosody control. In the speech synthesis method by the conventional PSOLA technique, applying symmetric window function to asymmetric speech waveform, it occurs the unbalance phenomenon of energy according to the overlapped degree of pitch interval adjustment. In this paper to overcome the unbalance phenomenon of energy, we proposed a new method that can convert asymmetric waveform to symmetric one by time-frequency conversion. As a result, we can obtain an average spectrum distortion ratio with 6.38% according to the pitch alteration ratio.

  • PDF

A Fixed Amount Compensation Plan for a Tool Wear Process (마모공정에 대한 정량 보정계획)

  • 최인수;이민구
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.19 no.40
    • /
    • pp.233-240
    • /
    • 1996
  • A fixed amount compensator is proposed for a process with a linear tool wear function. A Cost model is constructed which involve process adjustment cost and quality loss. Symmetric and asymmetric quadratic functions of the deviation of a quality measurement from the nominal target value are considered as the quality loss functions. Methods of finding optimal values of initial setting and compensation limit are presented and a numerical example is given.

  • PDF