• 제목/요약/키워드: Demand-Supply Equilibrium Model

검색결과 46건 처리시간 0.026초

A Variability Analysis on the Flatfish Production and Revenue using Expectation Hypotheses and GARCH Model

  • Yoon, Hyung-Mo;Yoon, Ji-Young
    • 수산경영론집
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    • 제48권2호
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    • pp.1-17
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    • 2017
  • This work studies the variability of flatfish sales revenue. The theoretical analysis draws functions for equilibrium price and quantity using expectation hypotheses. The functions include unpredictable phenomenon with dummy variable and GARCH. The equilibrium function, using adaptive expectation hypothesis, contains the independent variables of supply and demand, while the equilibrium function, embodying rational expectation hypothesis, includes only the independent variables of supply side, because the demand side disappears by the information extraction process theoretically, if economic subjects build the expectation rational. The empirical analysis shows: the variability of flatfish production has a spillover effect on the variability of revenue with the adaptive expectation hypothesis. In the case when the model has a rational expectation hypothesis, the variability of flatfish production has a spillover effect on the revenue (the mean equation of GARCH model). This study indicates that there is the variability in flatfish production and sales revenue, and the spillover effect between them. The result can help to build of the rational system for the fishery income stability.

동적체계기반 확률적 사용자균형 통행배정모형 (Elastic Demand Stochastic User Equilibrium Assignment Based on a Dynamic System)

  • 임용택
    • 대한교통학회지
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    • 제25권4호
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    • pp.99-108
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    • 2007
  • 본 연구에서는 가변수요를 고려한 확률적 사용자균형 통행배정모형을 제시한다. 교통망에서 수요와 공급간의 균형을 가정할 경우, 통행비용의 함수인 가변수요는 통행저항함수(공급함수)와 함께 균형상태로 수렴하며, 이때 확률적 통행배정모형은 통행자들간의 경로인지 통행비용이 동일해지는 확률적 사용자균형상태에 도달하게 된다. 본 연구에서 제시하는 확률적 사용자균형모형은 기존 연구들과는 달리 동적체계(dynamic system)를 기초로 개발된다. 동적체계는 시간의 흐름에 따라 하나의 상태가 다음 상태로 변화하는 과정을 표현하는 수리적인 방법으로 시간의 변화에 따라 그 상태가 변하는 여러 분야에 적용이 가능한데, 주로 제어공학(control engineering)분야에서 활용되어 왔다. 동적 체계의 개념을 도입하면, 기존 모형들과는 달리 쉽게 모형화(formulation)할 수 있으며 풀이과정(solution algorithm)도 간단하다는 장점이 있다. 본 연구에서도 동적체계를 이용하여 확률적 사용자균형 통행배정(user equilibrium traffic assignment)모형을 제시하고 제시된 모형이 안정적인 해(stable solution)로 수렴한다는 것을 Lyapunov함수를 통하여 증명한다. 또한, 예제 교통망을 통하여 여러가지 의미있는 결과를 도출한다.

발전수단 전환이 우리나라 경제와 환경에 미치는 영향분석 (Impact Analysis of Transition in Electricity Generation System on a National Economy and Environmental Level in Korea: a Recursive CGE Modeling Approach)

  • 이민기;김홍배
    • 국토계획
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    • 제53권7호
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    • pp.67-86
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    • 2018
  • This paper attempted to analyze impacts of transition in electricity generation system on a national economy and environmental level in Korea using a recursive computable general equilibrium(CGE) model. In particular, the paper presented a hybrid model combining the top-down CGE model with the bottom-up model which describes the structure of electricity production in detail. The impacts were analyzed by two policy scenarios base on the basic plan for electricity supply and demand proposed by the Korean government. As a result, the paper specifically showed that there exists a trade-off relationship in the policy-making between economic efficiency and environmental level. The paper also suggested that the transition in electricity generation system should be done more gradually and carefully.

Social Distancing, Labor Supply, and Income Distribution

  • CHO, DUKSANG
    • KDI Journal of Economic Policy
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    • 제43권2호
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    • pp.1-22
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    • 2021
  • The effects of social distancing measures on income distributions and aggregate variables are examined with an off-the-shelf heterogeneous-agent incomplete-market model. The model shows that social distancing measures, which limit households' labor supply, can decrease the labor supply of low-income households who hold insufficient assets and need income the most given their borrowing constraints. Social distancing measures can therefore exacerbate income inequality by lowering the incomes of the poor. An equilibrium interest rate can fall when the social distancing shock is expected to be persistent because households save more to prepare for rising consumption volatility given the possibility of binding to the labor supply constraint over time. When the shock is expected to be transitory, in contrast, the interest rate can rise upon the arrival of the shock because constrained households choose to borrow more to smooth consumption given the expectation that the shock will fade away. The model also shows that social distancing shocks, which diminish households' consumption demand, can decrease households' incomes evenly for every income quantile, having a limited impact on income inequality.

약용작물 오미자의 중장기 수급전망 분석 (An Analysis on Supply-Demand Outlook of Korean Omija(Medicinal Plant))

  • 최병옥;김배성
    • 한국산학기술학회논문지
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    • 제15권5호
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    • pp.2689-2694
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    • 2014
  • 이 연구는 한 중 FTA 체결에 따른 오미자의 시장 파급영향을 계측 분석하여, 2014-2018년 동안의 중장기 수급의 변화를 검토한 내용을 담고 있다. 오미자에 대한 한 중 FTA 체결의 구체적인 내용을 알 수 없는 상황에서, 실현가능한 오미자 시장개방 상황을 시나리오로 구성하여 수급모형에 도입하고, 현재 중국산 오미자의 수입상황을 반영하여 분석하였다. 오미자에 대한 중장기 수급 및 가격 전망을 위해 오미자 개별 품목에 대한 별도의 부분균형모형을 구축하였고, 모형내 각 방정식들은 계량경제학 방법을 이용하여 추정하였다. 분석결과, 관세율이 현행 8%에서 2014년부터 2018년까지 단계적으로 철폐될 경우, 재배면적은 2018년 3,370ha으로 다소 감소하고, 소비량은 2018년 12,040.8톤으로 증가하는 것으로 전망되고, 생산액이 5년간(2014-2018)누적으로 약 98억원 수준 감소하는 것으로 추정되었다.

ESPM을 이용한 전력가격의 결정 (The Pricing of Electricity through the ESPM)

  • 이석규;변영덕
    • 한국경영과학회지
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    • 제27권4호
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    • pp.11-27
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    • 2002
  • This paper is aimed at surveying the method that supports logical and theoretical back grounds of electricity service pricing, to investigate whether the ESPM can reflect comprehensively the various interests of parties and persons concerned with electricity supply and demand, and analyzing the practical applicability of the model in short-term perspectives. The major findings of this study can be summarized as fellows. First, the ESPM explains what process the equilibrium price is attained through, which is the essential concept and object in evaluating the value of public enterprises or utilities and the price of electricity Second, the ESPM provides the logics and methods that can objectify the discrete price by each electricity user. Third, the ESPM presents theoretical logics and practical methods that can calculate the basic price and the variable price per electricity unit which are key concepts in the two-part tariff. Fourth, the ESPM has powerful practical applicabilities in the reasonable electricity pricing and in the explanation for the balance between parties and persons interested with electricity supply and demand.

Policy evaluation of the rice market isolation system and production adjustment system

  • Dae Young Kwak;Sukho Han
    • 농업과학연구
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    • 제50권4호
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    • pp.629-643
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    • 2023
  • The purpose of this study was to examine the effectiveness and efficiency of a policy by comparing and analyzing the impact of the rice market isolation system and production adjustment system (strategic crops direct payment system that induces the cultivation of other crops instead of rice) on rice supply, rice price, and government's financial expenditure. To achieve this purpose, a rice supply and demand forecasting and policy simulation model was developed in this study using a partial equilibrium model limited to a single item (rice), a dynamic equation model system, and a structural equation system that reflects the casual relationship between variables with economic theory. The rice policy analysis model used a recursive model and not a simultaneous equation model. The policy is distinct from that of previous studies, in which changes in government's policy affected the price of rice during harvest and the lean season before the next harvest, and price changes affected the supply and demand of rice according to the modeling, that is, a more specific policy effect analysis. The analysis showed that the market isolation system increased government's financial expenditure compared to the production adjustment system, suggesting low policy financial efficiency, low policy effectiveness on target, and increased harvest price. In particular, the market isolation system temporarily increased the price during harvest season but decreased the price during the lean season due to an increase in ending stock caused by increased production and government stock. Therefore, a decrease in price during the lean season may decrease annual farm-gate prices, and the reverse seasonal amplitude is expected to intensify.

축산물 군납사업의 사회적 후생효과 분석 (The Welfare Effects of the Military Purveyance Program of Livestock Products)

  • 장재봉;김윤형
    • 농촌계획
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    • 제28권4호
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    • pp.31-39
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    • 2022
  • This study empirically analyzed the welfare effect of the military purveyance program, which plays an important role in maintaining the sales channel and demand base in Korea's agricultural and livestock industry, as well as the stable supply of safe ingredients for military meals essential for the morale and combat power of soldiers. The military purveyance program causes additional demand for domestic livestock products, affecting the trading volumes and price levels in the market. This will change the welfare of producers and consumers, and affect the welfare of soldiers who are subject to military meals. The analysis results obtained through a simulation method based on the equilibrium displacement model are as follows. In the case of pork delivered for military service, producer surplus increased by KRW 55.3-62.2 billion and consumer surplus decreased by KRW 55.1~62.0 billion based on pork production in 2021. It wad analyzed that the consumer surplus in the military supply market, rather than the conventional market, increased by KRW 96.9 billion won, resulting in a total welfare gain of KRW 97.1 billion.

도로부문의 적정 투자규모 추정 (Optimal Demand for Road Investment)

  • 김의준
    • 지역연구
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    • 제13권2호
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    • pp.75-92
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    • 1997
  • This paper is concerned with an estimation of optimal investment of road sector in 1996-2005. The main method is a Computable General Equilibrium (CGE) Model for Korea in which the optimal solution is derived in a recursively dynamic path. The model is composed of three main modules: the supply, the demand and the price. In this paper, the investment demand for the road is optimized with subject to national economic growth and price inflation. If the annual inflation level and the economic growth rate during 1996-2005 are set to 4.5%-5.0% and 6.0%-6.5% respectively, the optimal demand for the road investment is estimated as 155.1-180.1 trillion Won or 3.33%-3.89% of the GDP for ten years. It implies that the additional increase of the road investment by 0.61%-1.15% of the GDP is required for sustainable economic development, since the share of the road investment in the GDP of the latest 5 years has stayed around 2.27%. However, it is necessary to reduce construction investments on housing as well as to promote private financing of the road in order to maximize an efficiency of resource allocation.

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풋귤 수요증대가 제주 노지감귤 산업에 미치는 파급영향 (Economic Impacts of the increase in Green Immature Citrus Demand on Jeju Field Citrus Industry)

  • 김화년;고성보;김배성
    • 한국산학기술학회논문지
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    • 제22권4호
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    • pp.108-114
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    • 2021
  • 풋귤은 노지온주 감귤의 미숙과로 최근 카로티노이드, 펙틴, 비타민 C 등이 다량 함유되어 있어 건강증진에 도움이 된다는 것이 알려지면서 수요가 증대되고 있다. 제주지역에서 2월에서 녹색이다가 3-4월 노란색으로 착색되는 재래종 청귤품종과는 구분된다. 이 연구는 노지감귤 미숙과인 풋귤의 수요증대가 노지감귤 산업에 미치는 영향을 분석하였다. 분석을 위해 1989-2017년 노지감귤 수급자료를 이용하여 노지감귤 부분 수급모형을 구축하였다. 수급모형은 노지감귤 부분에 대한 수급균형모형으로 풋귤 수요확대에 따른 파급영향 계측을 위해 동태 축차적인 구조로 구성하였다. 구축된 수급모형에 대한 수급 예측력 검토를 시행하였고, 최종 모형을 이용하여 2018-2030년에 대한 풋귤 수요확대에 따른 파급영향을 시뮬레이션하였다. 시뮬레이션 분석결과, 풋귤 수요확대에 따라 노지감귤 재배면적이 초기에는 2022년까지 생산부문에 대한 영향에 큰 변화가 없으나 2023년 18ha, 2025년 52ha, 2030년 142ha의 재배면적이 증대되고, 2021-2030년 연평균 약 77.5억원의 조수입이 증대되는 효과가 있는 것으로 계측되었다.