• Title/Summary/Keyword: Competition Effect

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The Nationality Effect of Price Discrimination in the Container Shipping Market and Its Implications for Development Economics: Treating Hanjin Shipping's Collapse as a Natural Experiment

  • Ko, Byoung-Wook
    • Journal of Korea Trade
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    • v.24 no.6
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    • pp.115-134
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    • 2020
  • Purpose - International trade leads to the international division of labor, improving the efficiency of the global economic system. Transport costs are a more serious barrier to international trade than customs tariffs. An increase in competition in the transport sector may thus lead to a reduction in transport costs. However, if a carrier's nationality significantly influences transport costs, simply adding more competing carriers of different nationalities would be ineffective. Therefore, it is necessary to establish national or regional carriers to influence competition and reduce transport costs. This study investigates this "nationality effect" by treating Hanjin Shipping's collapse as a natural experiment. Design/methodology - The theoretical basis of this study is the 3rd-degree price discrimination in container shipping market. By using the monthly data of container freight rates of Korea, China and Japan, this study shows the so-called Korea Premiums, which are the empirical counterparts of nationality effect in Korea container shipping market. For this empirical investigation, the structural model with state-space form is used and the dummy models are also estimated. In addition, because China has been also affected by the Hanjin's collapse, the China premiums are considered too. Findings - Compared with Japan's case, it is shown that there had been the so-called Korea premiums since the collapse of Hanjin Shipping. These results are robust from both the state-space model and dummy models. The time pattern of Korea premiums was consistent with the market evolution, especially the pattern of substitutability in container shipping markets. In addition, this paper shows the magnitude of Korea premiums. Originality/value - The argument of this study that the nationality effect can be interpreted as an extended concept of the home market effect is original, which is expected to evoke future research efforts. Further, the discussion on the shipping industrial policy from both horizontal and vertical aspects will provide the relevant policy makers with solid information, especially for the policy coordination in a global scale.

Weed Competition and Herbicide Response of Rice under the Foggy Condition II. Growth and Weed Competition of Rice (안개조건하(條件下)에서 벼(Oryza sativa L.)의 잡초경합(雜草競合)과 제초제(除草劑) 반응차이(反應差異)에 관(關)한 연구(硏究) II. 벼의 생장(生長)과 잡초경합(雜草競合))

  • Guh, Ja-Ock;Lee, Min-Soo;Kuk, Yong-In;Chon, Sang-Uck
    • Korean Journal of Environmental Agriculture
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    • v.14 no.2
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    • pp.221-231
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    • 1995
  • The objectives of the present study were to find out the differences in growth and weed competition of rice under the foggy and non-foggy condition, and finally, the fundamental data for the establishment of the paddy weed control system under the locational foggy regions. The research was carried out on tin trays ($0.12m^2$) in greenhouse equipped with an Auto Foggy System(SAE KI RTN Co.). The results are summarized as follows: Exp. I. Difference in rice growth under the foggy and non-foggy condition. 1. While the plant height was not affected, the number of tillers was decreased by the foggy condition. The ratio of the number of effective tiller, however, became higher under the foggy condition. 2. Due to the fog present, the heading rate was decreased and heading time was delayed. 3. The foggy condition did not affect the dry weight of rice straw whether they were grown under the foggy or non-foggy condition. However, yield components such as the number of ears, the number of grains per ear, thousand kernel weight and percentage of ripeness were reduced. Particularly, weights of perfect brown and unpolished rice were also decreased. Exp. II. Effect of the duration of competition between weed and rice grown under the foggy condition on the growth of rice plant. 1. There was no difference in the height of rice grown under a different duration of competition. There was a clear tendency that the number of tillers of rice grown under the foggy condition was decreased as the duration of competition was decreased. 2. When the duration of competition was longer than 60 days, the heading rate was decreased and the initiation of heading was also delayed by 2-4 days. 3. Under the foggy condition, the duration of competition for more than 40 days affected dry weight of rice straw and the difference in yield was greatest in the non-competition and competition for more than 40 days.

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Duopoly Model of a Congested Market

  • Oh, Hyung-Sik
    • Journal of Korean Institute of Industrial Engineers
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    • v.20 no.1
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    • pp.113-120
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    • 1994
  • A duopoly model is developed in order to examine the effect of imperfect competition on the price-setting behavior of competing providers in a congested market. Multiple Nash price equilibria are found and the implications of such multiple price equilibria are discussed.

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Optical study on the morphology of organic molecules in thin solid films

  • Tsuboi, Taiju
    • 한국정보디스플레이학회:학술대회논문집
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    • 2006.08a
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    • pp.577-582
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    • 2006
  • Unlike the case of $Ir(ppy)_3$, various aggregates of PtOEP including dimer are formed in PtOEP-doped films and neat film. Such a difference is due to difference of competition among solid state solvation effect, dipole-dipole interactions between dopant molecules, and intermolecular covalent bonding.

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An Analysis on Competition and Ecology of Mobile Platform : Based on the Continuous Usage Intention of Smart-Phone OS Platform (모바일 플랫폼 경쟁과 모바일 생태계에 관한 고찰 : 스마트폰 운영 플랫폼의 지속사용 의도를 중심으로)

  • Lee, Bo-Kyoung;Shim, Seon-Young
    • Journal of Information Technology Services
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    • v.11 no.2
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    • pp.19-47
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    • 2012
  • Contemporary smartphone competition is generally described as the battle between Apple's proprietary platform and Google's open platform. However, this competition is not limited within smartphone adoption itself. User's pre-adoption of one mobile platform via smartphone can be connected to the post-adoption of the same mobile platform based on the other smart devices (e.g. smart pad). In this study, we investigate whether user's preference to a certain platform is persistent over mobile ecology, from the pre-adoption of one smart device to the post-adoption of following devices. For this investigation, we adopt the dual-model as the ground theory, where post-adoption of IT product is explained by both dedication and constraint factors. The empirical testing first evidences that dual model works well as our research model for identifying the reasons of post-adoption. Next, we group our data into two parts in order to compare the switching behavior of iPhone users and Android phone users. iPhone users show much lower switching rate to Android based smart pads, while Android phone users show higher churn rate to iPad (49.3% : 96.3%). Especially, satisfaction showed much stronger effect than switching cost on the continuing intention of existing platform, when the analysis is given to the iPhone user's group. From this result, we can conjecture the relatively stronger loyalty of iPhone users. More managerial implications on the mobile platform strategy are driven.

A dynamic competition among 3 fields & 17 key growth drivers of Korea (3대 분야 17개 신성장 동력 기술간 동태적 경쟁관계 분석)

  • Kim, Moon-Soo;Lee, Sung-Joo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.5
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    • pp.2067-2077
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    • 2011
  • The recent trend in technology development is characterized as technology convergence, mainly between IT, BT and NT and also more and more industries are starting to use several technologies simultaneously or in a combined way theses days. As a result, the needs on technology interaction analysis is increasing for strategic technology management and policy-making. Responding to the needs, this research deals with technology innovation process in terms of technology competition, particularly focusing on the 17 new growth drivers in 3 areas, which has been announced by the Korean government as a new growth vision for Korean economy, and analyzing their co-evolutionary process. For the analysis, patent data, a representative data on technology innovation, is adopted. Then, Lotka-Volterra Competition model, a model frequently used to describe the dynamism of competitive innovation is applied to the data. The research results are expected to support strategic decision-makings such as effect policy-making or R&D priority-setting, by analyzing the relationship between the 3 areas, the 17 new growth drivers, or the particular technologies in the drivers.

Use of n Mathematical Model to Assess the Effects of Dissolved Organic Phosphorus on Species Competition Among the Dinoflagellates Alexandrium tamarense and Gymnodinium catenatum and the Diatom Skeletonema costatum (수치모델을 이용한 와편모조류 Alexandrium tamarense, Gymnodinium catenatum 및 규조류 Skeletonema costatum의 종간 경쟁에 미치는 용존태 유기인의 영향)

  • Oh, Seok-Jin;Yang, Han-Soeb;Yamamoto, Tamiji
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.40 no.1
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    • pp.39-49
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    • 2007
  • Species competition among the toxic dinoflagellates Alexandrium tamarense and Gymnodinium catenatum and the diatom Skeletonema costatum was simulated using a mathematical model. Prior to the model simulation competition experiments using the three species were conducted to obtain data for validation by the simulation model. S. costatum dominated at a density of ${\sim}10^{4}\;cells/mL$ compared to the other species in the medium with dissolved inorganic phosphorus (DIP). The growth of S. costatum was also stimulated by the addition of dissolved organic phosphorus (DOP), such as uridine-5-monophosphate (UMP) or glycerophosphate (Glycero-P), although this species is unable to take up DOP. This implies that the growth of S. costatum may be supported by DIP, which is hydrolyzed by alkaline phosphatase produced from A. tamarense and G. catenatum. The species competition model was run assuming the environmental conditions of northern Hiroshima Bay, Japan, during spring and summer. G. catenatum increased in cell density and neared the level of S. costatum at the end of the calculation. In the sensitivity analyses by means of doubling and halving parameters, depleted DIP had little effect on the cell density of G. catenatum. However the growth of A. tamarense and S. costatum was significantly affected by changes in the parameter values. These results indicate that if DIP depletion is ongoing, species that have a large phosphate pool in their cells, such as G. catenatum, will predominate in the community.

Demand Diffusion Pattern of Service with Market Structure & Technological Competition : A Case of Internet Access Service (기술경쟁과 시장구조를 고려한 서비스 수요확산패턴: 인터넷접속서비스를 중심으로)

  • Kim, Moon-Soo;Lee, Sung-Joo
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.33 no.9B
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    • pp.822-831
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    • 2008
  • This paper examines the theoretical and empirical technology diffusion processes to understand the Korean success in the internet access service markets. In order to do this, first, we propose an integrated demand diffusion model in terms of competition of inter-and intra-technologies and market structure as represented by the number of operators in the market. Second, by using the proposed model, we analyze the dynamic diffusion processes of Korean internet access services such as Narrow-band technology including Dial modem vs. Broad-band technology including ISDN, xDSL and Cable modem. The competition of inter-and intra-technologies as well as the extent of market competition has made a positive effect on the diffusion patterns of internet access demand. And also we propose, based on the proposed model and its empirical results, several implications for diffusion strategies and policies in the future of ICT market in Korea.

[Retraction] Analysis on the Effects of Location Factors on Sales of Convenience Stores -Comparative Analysis on Busan and Gyeong-nam Region- ([논문 철회] 입지요인이 편의점 성과에 미치는 영향 요인분석 -부산지역·경남지역 대상으로 비교분석-)

  • Hwang, Kyu-Sung;Lee, Chan-Ho
    • Journal of Digital Convergence
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    • v.12 no.12
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    • pp.129-137
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    • 2014
  • The purpose of this study is to understand major factors of site selection of convenience stores in Busan and Gyeong-nam Region. This will be done by analyzing correlations of sale, profit and localization factors and choosing the major correlation factors out of them and carrying out regression analysis to analyze each factor's influence extent. the competition factor : It is shown that the competition factor has significant result with the sale and the profit and the effect of that is proved the biggest among all location requirements. Therefore, the competition factor is the most important factors above all. By providing recently standards and implications of site selection of stores, this study suggests a guideline for site selection not only to prep entrepreneurs and store developers but also prep entrepreneurs of retail store.

Market Efficiency Analysis of MVNO (MVNO 도입에 따른 시장효율성 분석)

  • Seo, Il-Won;Lee, Duk-Hee
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.32 no.4B
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    • pp.234-245
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    • 2007
  • There are lots of controversies over the introduction of MVNO(Mobile Virtual Network Operator) policy to Korean mobile telecommunications market. MVNO is a kind of service-based competition in mobile market. This paper attempts to analyze the ripple effect of MVNO regulation and also desirable ways of implementing the policy. Based on Laffont, Rey and Tirole(1998), Armstrong (1998) model, theoretical MVNO model is defined and derived implications of price, quantity in the market. According to the model, the fact that MNOs have one-way access profit leads the static efficiency by lowering its market price. In regarding the most desirable way to enhance social welfare is revealed as 'two MNOs conduct MVNO' other than 'One MNO does' or 'Structurally divided network'.