• Title/Summary/Keyword: Competition Effect

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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'.

Investigating the Level of Competition between Public Health Centers and Private Clinics in Korea

  • Kim, Hyun Joo;Lee, Jin Yong;Jo, Min-Woo;Eun, Sang Jun
    • Korea Journal of Hospital Management
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    • v.21 no.2
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    • pp.37-49
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    • 2016
  • The purpose of this study is to investigate the level of competition between Public Health Centers (PHCs) and private clinics (PCs) by examining the number of patients that used PHCs vs. PCs, estimating the total amount of revenue generated from outpatient services at both PHCs and PCs, thereby analyzing the financial impacts on PCs derived from the PHCs. We utilized 2011 National Inpatient Sample data (NIS). Using the 20 table containing general information on each individual claims, we integrate it with the 40 table which contains all the diagnostic codes for each claim. Then, we disaggregate the bundled claims into the original individual claims. Overall, 3.1% of outpatient visits are made at PHCs while the rest was made at the PCs (96.9%). Among the total claim costs of 6.34 billion USD (as of 2011), PHCs occupy 2.0% (124 million USD), and 98.0% are contributed to PCs (6.21 billion USD). The estimated economic losses of PCs due to PHCs are summarized as follow; the maximum potential loss is estimated at 198 million USD in total and 7,099 USD per clinic when we include all patient types; the minimum loss is estimated at 71 million USD in total and 2,540 USD per clinic where Medical Aid recipients and the elderly (aged 65 and over) are excluded. Our results confirm the potential economic effect on PCs due to PHCs providing outpatient services. PCs and PHCs are the most important players providing primary care in Korea. Unnecessary competition between PCs and PHCs is not desirable. Health authorities should carefully examine the healthcare services currently provided by PHCs and their impacts on PCs.

Efficiency and Failing Firm Defenses in Merger Assessment: Economic Rationale and Policy Implications (기업결합 규제에서의 효율성 및 파산기업 항변: 경제적 논거와 정책적 함의)

  • Jin, Yangsoo
    • KDI Journal of Economic Policy
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    • v.35 no.1
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    • pp.103-135
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    • 2013
  • This paper provides consistent understanding between the economic rationale of the 'efficiency' and 'failing firm' defenses and the conditions that the defenses require in the merger assessment process, focusing on two main concepts, 'enhancing competition' and 'counterfactual'. This paper states that the economic rationale of the 'efficiency' defense rests on the effect of enhancing competition rather than on the improvement of efficiency itself. Regarding the 'failing firm' defense, the rationale is stated that competition would not deteriorate even when the merger proceeds compared to the counterfactual where it is prohibited. This understanding reflects not only recent international discussion but also the merger guidelines of advanced competition authorities. It also consistently explains the requirements of the defenses. Finally, this paper includes some comments on the Merger Review Guideline of Korea for its improvement based on various domestic merger cases.

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Weed Population Dynamics under Climatic Change

  • Bir, Md. Shahidul Haque;Eom, Min Yong;Uddin, Md. Romij;Park, Tae Seon;Kang, Hang Won;Kim, Do Soon;Park, Kee Woong
    • Weed & Turfgrass Science
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    • v.3 no.3
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    • pp.174-182
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    • 2014
  • This paper provides some of the scientific background on how projected environmental conditions could affect weeds and weed management in crops. Elevated $CO_2$ levels may have positive effects on crop competitiveness with $C_4$ weeds, but these are generally outnumbered by $C_3$ species in weed populations. Moreover, higher temperatures and drought will favor $C_4$ over $C_3$ plants. The implementation of climate change adaptation technologies, such as drought-tolerant germplasm and water-saving irrigation regimes, will have consequences for crop-weed competition. Rainfed production systems are thought to be most vulnerable to the direct effects of climate change and are likely to face increased competition from $C_4$ and parasitic weeds. Biotic stress-tolerant crop cultivars to be developed for these systems should encompass weed competitiveness and parasitic-weed resistance. In irrigated systems, indirect effects will be more important and weed management strategies should be diversified to lessen dependency on herbicides and mechanical control, and be targeted to perennial rhizomatous ($C_3$) weeds. Water-saving production methods that replace a weed-suppressive floodwater layer by intermittent or continuous periods of aerobic conditions necessitate additional weed management strategies to address the inherent increases in weed competition. Thus, climatic conditions have a great effect on weed population dynamics all over the world.

Portfolio Decision Model based on the Strategic Adjustment Capacity: A Bionic Perspective on Bird Predation and Firm Competition

  • Mao, Chao;Chen, Shou;Liu, Duan
    • Journal of Distribution Science
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    • v.13 no.1
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    • pp.7-18
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    • 2015
  • Purpose - This study integrates a corporate competition system with a bird predation system to examine how organizational strategic adjustment capacity influences firm performance. By proving the prominent effects on performance, a financial vector is constructed to represent corporate strategic adjustment results, and an operation capacity vector is constructed, which can be categorized as a parameter for locating birds. All these works help us to propose a new method of investment, the portfolio decision model based on the strategic adjustment capacity. Research design, data, and methodology - Strategic adjustment capacity can be decomposed into three aspects: the organizational learning capacity from the top firms, the extent to which firms maintainor rely on the best operational capacity vector in history, and the ability to eliminate the disadvantages or retain the advantages of the operation capacity vector from the previous year. The method of solving cyclic equations is designed to evaluate strategic adjustment. Firms manufacturing specialized equipment are chosen to test the effects of the strategic adjustment capacity on three aspects of firm performance. Results - There is a positive correlation between the capacity to learn from the best firms and performance improvement. The relationship between the dependence or maintenance of a firm's advantages and performance improvement is a U-shape curve, and there is no significant effect of inertial control on performance improvement. Conclusions - A firm's competition system is a sophisticated adaptation, and competitive advantage and performance can be investigated based on the principles of competition in nature.

Effect of Entrepreneurial Characteristics and Market Characteristics of Small Business Owners on Business Performance With the Mediation of Digital Literacy (소상공인의 창업가특성과 시장특성이 디지털 리터러시를 매개로 사업성과에 미치는 영향)

  • Shin, Ji Min;Kang, Hee Kyung
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.16 no.5
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    • pp.75-89
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    • 2021
  • Currently, small business owners are facing a situation where it is difficult to run their business in the existing way due to the spread of digital technology and the prolonged COVID-19. As a necessary competency for them, this study focused on digital literacy and examined the relationship between digital literacy and individual and market characteristics, business performance of small business owners. The specific research purpose is to examine the effect of entrepreneurial characteristics, which are individual factors, and market characteristics, which are environmental factors, on business performance and the mediating effect of digital literacy. In previous studies, various factors explaining the business performance of small business owners were reviewed, and innovation and self-determination, which are entrepreneurial characteristics of small business owners, and market competition and growth were derived as independent variables, and financial and non-financial performance were set as dependent variables. The hypothesis was established as digital literacy was expected to play a role in mediating the relationship between independent and dependent variables. For empirical research, a survey was conducted on small business owners across the country, and the analysis results are summarized as follows. It was found that the innovation and self-determination of small business owners had a positive (+) significant effect on financial and non-financial performance. In addition, it was confirmed that the degree of competition in the market had no significant effect on financial and non-financial performance, and that the growth of the market had a significant positive (+) effect on financial and non-financial performance. In the case of the mediating effect of digital literacy, it was confirmed that innovation had a partial mediating effect on non-financial performance, and digital literacy had a complete mediating effect on the effect of market competition on financial and non-financial performance. Finally, it was confirmed that digital literacy has a partial mediating effect on the effect of market growth on non-financial performance. Looking at the results, it can be seen that the entrepreneurial characteristics of small business owners, which correspond to innovation and self-determination, directly act as a factor to increase business performance, and market characteristics indirectly increase digital literacy to achieve results. Based on the above research results, the implications and limitations of the study and future research directions were presented together.

The Efect of Phosphorus on Competition in Annual and Perennial Plants (일년생과 다년생 식물의 경합에 미치는 인산의 효과)

  • Chung, Chan;Jeon, Byong-Tae
    • Journal of The Korean Society of Grassland and Forage Science
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    • v.12 no.1
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    • pp.1-5
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    • 1992
  • The purpose of this experiment was to determine the effect of soil phosphorus level on plant length, dry matter yield and competition in annual and perennial plants.The effect of phosphorus fertilizer on the plant length and dry matter yield was low in the perennial plant of Miscanthus sinensis, SaSa palmata and ilrtemlsia princeps, but was high in the annual plant of Polygonwn thunbergii and Echinochloa crus-galli.The plant length, density and dry matter yield of Italian ryegrass in individual natural community did not depend on relative photosynthetic photon flux density but on total and available phosphorus of soil.

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Exploring Escalation of Commitment Situation in the Internet C2C Auction

  • Park, Sang-Cheol;Kim, Jong-Uk;Jang, Si-Young;Lee, Won-Jun
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.126-131
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    • 2007
  • Most Internet auction studies have focused on examining the determinants of auction success or closing price. However, there has been little previous research which investigates dark-side factors such as overbidding behavior in the Internet C2C transactions. For this reason, this study attempts to find situations with the escalation of commitment to bids using Internet auction systems and also examines whether the bidder's bidding is irrational. Therefore, this study applies escalation of commitment to explain the auction process such as the "going, going, gone period" with competition in Internet C2C auctions. In order to describe the auction process in terms of escalation of commitment, this study proposes psychological sunk costs, completion effect, and self-justification as the key factors of escalation of commitment and also willingness to continue bidding reflecting the decision maker's escalation behavior in terms of persistence perspective as final dependent variable. The results of PLS analysis indicate that a bidder's overbidding behavior is explained by the escalation of commitment.

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The Causality of Empowerment on Job Crafting: Focus on the Moderating Variable of LMX (임파워먼트와 잡 크래프팅의 인과구조: 조절변수를 중심으로)

  • Jung, Young-deuk;Yu, Byung-Nam
    • Journal of the Korea Safety Management & Science
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    • v.23 no.4
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    • pp.135-146
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    • 2021
  • It is getting more intensified with the competition among participating companies for global market share in major industrial fields. The situation is accelerating especially within the top 5 market share, and these include electric vehicles, semiconductors, chemicals, and shipbuilding industries. The key to the advantage over the competition within a strategic group is which company leads the innovation in the field. On-the-ground innovation refers to job-based innovation. This paper aims to analyze job unit innovation in the structure of empowerment, LMX, and job crafting. Existing studies on job crafting have suggested a causal structure based on job design in the traditional sense, and there are not many scholars who study the causal structure using a job situational model. Therefore, this paper takes an approach from the perspective of the job situation. As a result of the study, LMX showed a moderating effect on the relationship between autonomy provision and job crafting. While, in the relationship between meaing-giving and cognitive crafting, there is no significant moderating effect shown on the relationship between autonomy provision and cognitive crafting. Therefore, the results of the analysis in this study suggest that the meaning of jobs and participation in decision-making should be managed in an integrated way in structural and design areas, not just qualitative factors such as empowerment and leadership.

Effect of competition between superconductivity and ferromagnetism in GdBa2Cu3O7-x/La0.7Sr0.3MnO3 bilayers

  • Oh, Jun-Yung;Yang, Dong-Seok;Kang, Byeongwon
    • Progress in Superconductivity and Cryogenics
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    • v.24 no.2
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    • pp.19-22
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    • 2022
  • We studied the effect of substrate-induced strain state on the superconducting transition in GdBa2Cu3O7-x(GdBCO)/La0.7Sr0.3MnO3 (LSMO) bilayers deposited on a LaAlO3 (LAO) substrate. The stain state of LSMO is controlled by increasing the thickness from 20 nm to 80 nm. Analyses on the extended X-ray absorption fine structure (EXAFS) measurements reveal difference in the direction of MnO6 octahedral distortion depending on the LSMO thickness, which leads to a difference in anisotropy of magnetization of LSMO layer. The superconducting transitions of our system are strongly correlated with the magnetic anisotropy accompanied by the MnO6 octahedron distortion in a specific direction. This result suggests the possibility of improving the superconducting transition in the GdBCO/LSMO bilayer system by controlling the degree of competition between superconductivity and ferromagnetism via adjusting strain state in the LSMO layer.