• 대한산업공학회지
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• 제22권2호
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• pp.189-207
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• 1996

In this paper, a market share competition model for two firms with asymmetric conditions is considered with. In the model, the asymmetry between two firms is given by the difference of market shares In the existing market and the change of market share is supposed to be occurred only through pioneering a new market. Since the timing decision of market pioneering is based on the continuous time domain, a super game structure which has infinitely many numbers of subgames is employed for the modeling. In the course of equilibrium finding, we show that there exists no subgame-perfect pure strategy equilibrium In this game. So, we apply a mixed strategy concept and find a unique subgame-perfect equilibrium behavior strategy. As a result of equilibrium analysis, we know that the relative sizes of pioneering Incentives between two firms are varying with parameter conditions. However, the global speed of market pioneering is proven to be independent with the level of asymmetry between two firms.

• 재무관리연구
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• 제21권2호
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• pp.65-98
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• 2004

본 연구는 다양한 수익률 기간에서 미국 달러와 일본 엔화에 대한 우리나라 기업의 환노출과 비대칭성을 분석하고, 환노출이 어떠한 변수에 의해 영향을 받는지를 검토하는데 목적이 있다. 달러와 엔에 대한 외환위기 이후의 환노출을 분석한 결과, 장기수익률과 환노출 사이에 단조 증가하는 형태가 아니라 2개월이나 3개월 수익률에서 높은 환노출을 보이다가 감소한 후 다시 증가하는 모습을 보이고 있다. 또한 환노출의 결정요인 가운데는 성장기회가 두 통화 모두 대부분의 분석기간과 수익률에서 유의한 관계를 보이고 있다. 기업규모는 환노출과 음의 관계를 갖고 있으며, 외환위기 이후 단기 환노출에서만 발생하고 있다. 수출비중과 레버리지는 분석기간과 수익률에 따라 다양한 결과를 보이며, 유동성 변수는 미미한 영향을 보이는 것으로 나타났다. 비대칭성에 대한 분석 결과, 우리나라 기업의 환노출은 비대칭성을 갖고 있으며, 이는 시장점유율 이론으로 설명할 수 있는 것으로 나타났다. 또한 비대칭을 설명하는 요인 가운데는 수출비중이 공통적으로 나타나고 있어, 수출비중이 환노출의 비대칭성을 발생시키는 주요 원인인 것으로 분석되었다.

• KSII Transactions on Internet and Information Systems (TIIS)
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• 제8권6호
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• pp.2171-2185
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• 2014

From the perspectives of regulation and convergence, several debates on the industrial definition of smart TV service in the Korean broadcasting and communications market are currently in progress. The most heated controversy mainly depends on whether smart TV is controlled under broadcasting regulations or under communications regulations. This Korean- specific problem is summarized in regulation fairness or asymmetric regulations between smart TV and IPTV operators. Although both operators utilize very similar technology and share the same business model, the regulations for only smart TV operators are unfettered. This would be an intrinsic cause that prohibits fair competition in the new converging market. Currently we confront the matter of asymmetric regulations between smart TV and others including IPTV or ISP. The purpose of this study, thus, is to provide the strategic, regulatory guidance and theoretical definitions on smart TV service, as one of converging services, based on a qualitative approach through subjectivity methodology. The study identifies three issues net neutrality, regulation fairness and new media and new market and proposes desirable promotion plans regarding those issues. The study draws lessons learned through a Korean smart TV case and provides directions to strategic-policy studies for future emergent converging services.

• 자원ㆍ환경경제연구
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• 제24권2호
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• pp.311-342
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• 2015

본 논문에서는 경제이론과 실증분석을 통하여 이명박 정부가 석유제품 시장에 개입한 논거를 평가하였다. 한국을 포함하여 세계적으로 정제산업은 과점이 보편적이며, 역차별적인 수준의 대외 시장개방에도 불구하고 석유제품 시장에서 국내 정유4사의 시장점유율이 높게 지속되는 이유는 정유4사가 국제적인 가격경쟁력을 보유하고 있고 MOPS 가격을 기준으로 경쟁적인 가격책정을 하고 있기 때문이다. 국내 세전 소비자가격은 일본의 가격과 '27개 EU권 국가의 가격들을 가중평균한 값'보다 통계적으로 유의하게 현저히 낮았다. 한국, 일본, 14개 EU권 국가들을 대상으로 가격 비대칭성의 존재여부와 상세내역을 분석한 결과, 휘발유의 경우 한국과 11개 EU권 국가, 경유의 경우 한국과 8개 EU권 국가에서 비대칭성이 있는 것으로 판별되었다. 가격 비대칭성은 다양한 경제 경영적 원인에 의해 다양한 제품과 시장구조에서 발생한다. 소비자 복지의 관점에서는 한국의 세전 소비자가격이 현저히 낮다는 점이 제일 중요하다.

• 대한전기학회논문지:전력기술부문A
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• 제53권6호
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• pp.350-357
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• 2004

In a deregulated electricity generation market, the sufficient capacity of transmission lines will promote the competition among generation companies (Gencos). In this paper, we show that Gencos' possession of rights to collect congestion rents may increase the competition effects of the transmission lines. In order for concrete analysis on this effect, a simple symmetric market model is introduced. In this framework, introducing the transmission right to the Gencos has the same strategic effects as increasing the line capacity of the transmission line. Moreover, the amount of effectively increased line capacity is equal to the amount of the line rights. We also show that the asymmetric share of the financial transmission rights may result in an asymmetric equilibrium even for symmetric firms and markets. We also demonstrate these aspects in equal line rights model and single firm line rights model. Finally, a numerical example is provided to show the basic idea of the proposed paper.

• 농업과학연구
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• 제47권3호
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• pp.567-576
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• 2020

One of the main challenges receiving much attention in the Rwandan agriculture and food industry in recent decades is the increases in maize prices. Indeed, a rise in maize prices causes higher living expenses for households because maize, which is a major staple food crop, constitutes a significant share of total food consumption among households in Rwanda. The aim of this study was to assess the extent of integration and how prices are transmitted between retail and wholesale markets of domestic maize in Rwanda. This study used monthly data of retail and wholesale prices of maize from January 1995 to December 2019. This empirical investigation was based on a linear cointegration approach and an asymmetric error correction model framework. Using the augmented dickey-fuller residual-based test and the Johansen Maximum Likelihood cointegration test, the results revealed that the retail and wholesale markets of maize are integrated. Hence, prices in these markets do not drift apart in the long run. The results of the Granger causality test revealed that there is a unidirectional causal relationship flowing from wholesale prices to retail prices, i.e., wholesale prices influence retail prices. Accordingly, the results from the asymmetric error correction model confirmed the presence of a positive asymmetric price transmission between wholesale and retail prices of maize in Rwanda. Thus, we suggest that policymakers take a critical look at the causes and factors that may influence asymmetry price transmission.

• Journal of Contemporary Eastern Asia
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• 제20권2호
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• pp.259-277
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• 2021

This article investigates the geopolitics of the energy transition era, concentrating on China's solar photovoltaic (PV) industry. Authors have noted that the rise of renewables is changing the geopolitical landscape of world energy systems, but these new energy sources carry their own technical characteristics and geopolitical implications. Bearing this in mind, this research answers the questions: What are the structural factors that facilitate China's use of renewable energy to achieve political goals, and what are their implications? In order to analyze the data, I devise an analytical framework based on the energy statecraft literature and contrast rival explanations, particularly the "prosumer theory" and the premise of less geopolitical interdependence in a renewable-centered world. I show that asymmetric interdependence in the solar PV sector is already a reality. China's solar PV industry is a case that suffices all conditions (centrality in industrial capacity, market share, and companies' compliance, but to a lesser extent in critical materials and technological endowments) in the solar PV sector to devise effective strategies aimed at reaping benefits out of its asymmetric interdependence with the rest of the world.

• KDI Journal of Economic Policy
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• 제27권1호
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• pp.185-209
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• 2005

본 연구는 국제경제학, 산업조직론 등 경제학의 여러 분야에서 광범위한 관심을 끌어온 환율의 변화와 이에 따른 교역재의 가격변화, 즉 환율의 전이현상을 분석하였다. 세분화된 양모(wool)의 교역 데이터를 사용하여, 자국통화의 가치 상승과 하락에 따른 가격변화가 대칭적인지, 그리고 수출국과 수입국의 시장점유율이 미치는 영향이 있는지를 중점적으로 분석한 본 연구는 다음과 같은 결론을 제시한다. 우선 매우 동질적인 재화임에도 불구하고, 교역대상국과 재화의 종류에 따라 환율의 전이정도와 방향이 상당히 다르다. 그리고 정상적인 전이현상(normal pass-through)이 전체의 60%를 차지하고 있지만, 실증적으로 과도한 전이현상(excessive pass-through)이나 특이한 전이현상(perverse pass-through)이 약 40%에 다다른 것도 특기할 만하다. 과도하거나 특이한 전이현상은 교역당사자들의 전략적 행태의 결과로 이해되는데, 본 연구의 결과는 매우 세분화된 데이터를 사용할 때 이런 현상이 기존 연구보다 많이 발견됨을 보여준다. 또한 83개의 교역관계 중 39개의 경우에 환율의 가격전이가 통화가치의 상승과 하락에 따라 다르게 나타나 비대칭적 전이가 광범위한 현상이며, 시장점유율이 경우에 따라 전이의 정도를 결정짓는 중요한 변수가 될 수 있음을 시사하고 있다.

• 한국경영과학회지
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• 제26권1호
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• pp.61-69
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• 2001

This paper presents a two stage game model which examines the effect of learning-by-doing and spillover. Increases in the firm’s cumulative experience lower its unit cost in future period. However, the firm’s rival also enjoys the experience via spillover. Unlike previous theoretical research model, a cost asymmetric market entry game model is developed between the incumbent firm and new entrant. Mathematical results show that the incumbent firm exploits the learning curve to gain future cost advantage, and that the diffusion of learning to the new entrant induces the incumbent firm to choose decreasing output strategically. As a main result, we show that the relative magnitude between the learning and spillover rate determines the market share ratio of competing firms.

• 아태비즈니스연구
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• 제11권1호
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• pp.17-26
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• 2020

Purpose - This paper studies the welfare impacts of behavior-based price discrimination (BBPD) when firms are asymmetric in quality improvement costs. Design/methodology/approach - To this end, we consider a differentiated duopoly model with an inherited market share, where firms first make quality decisions and then compete in prices according to the pricing scheme, namely, uniform pricing or BBPD. Findings - We show that BBPD increases social welfare relative to uniform pricing if the firms' cost gap is large enough. This is because BBPD induces more consumers to buy a high-quality product than under uniform pricing, and because a low-cost firm's profit loss from BBPD decreases as the cost difference increases. Research implications or Originality - Our analysis offers policy implications for markets where BBPD raises antitrust concerns, and quality competition prevails.