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Discriminating Bidders Can Improve Efficiency in Auction (주파수경매의 효율성 향상방안 : 배분적 외부성이 존재하는 경우를 중심으로)

  • Yang, Yong Hyeon
    • KDI Journal of Economic Policy
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    • v.36 no.4
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    • pp.1-32
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    • 2014
  • Auction is widely used in allocation and procurement of resources due to its desirable properties: efficiency and revenue maximization. It is well-known, however, that auction may fail to achieve efficiency when allocative externalities exist. Such a result may happen in the auction of the resources that are very scarce, for example, radio spectrum. This is because allocation of the resources has effects on competition of the firms in the aftermarket, and thus a firm that utilizes the resources less efficiently may make a higher bid to lessen competition. This paper shows first that efficient allocation may not be achieved by auction even when the number of bidders is 2, while it is shown in the literature that auction may result in inefficient allocation when the number of bidders is greater than or equal to 3. There exist 2 firms, who make a bid to win the scarce resources that increase the value or decrease the production cost of their own product. After the auction ends, the firms engage in Bertrand competition on the Hotelling line. Inefficient allocation may happen even under the second-price auction rule, and it happens only when the firms are different in the initial value or the initial cost of their products as well as in the value of the auctioned resources. The firm who has been the leader loses a large portion of the market if it fails to win the auction, and thus makes a high bid even when the other firm can use the resources more efficiently. Allocative efficiency Pareto improves when the smaller firm's bid counts more than the leader's bid. This paper suggests a modified rule that the smaller firm wins the auction when its bid multiplied by some constant is greater than the leader's bid. The multiplier can be calculated from the market shares. It is equal to 1 when the two firms are the same, and is increasing in the leader's market share. Allocation is efficient in a strictly larger set of parameters under the modified rule than under the standard second-price auction rule.

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Antioxidant and Nicotine Degradation Effects of Medicinal Herbs

  • Lee, Ho-Jae;Hur, Sung-Ho;Shin, Eui-Cheol;Lee, Yang-Bong
    • Preventive Nutrition and Food Science
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    • v.8 no.3
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    • pp.289-293
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    • 2003
  • Antioxidant activity and nicotine degradation activity (NDA) of 21 medicinal herbs were determined by using a 1,1-diphenol-2-picrylhydrazyl (DPPH) method and a PLC/PRF5 human liver cell line method, respectively, to develop an anti-smoking aid. The highest and lowest antioxidant activities represented by $IC_{50}$/ value were 30 $\mu$g/mL of Eugenia caryophyllus and 3,270 $\mu$g/mL of Panax ginseng C. A. Meyer, respectively. Antioxidant activity of Eugenia caryophyllus was equal to 38.0$\pm$1.2 mg VCEAC(vitamin C equivalent antioxidant capacity)/ g herb. The highest and lowest NDA values were 1.81 of Astrgalus membranaceus Bunge and 1.01 of Raphani seed and Lespedeza tomentosa Sieb, respectively. Eleven medicinal herbs with high antioxidant activity and/or NDA were selected to make an herbal tea. The herbal tea had high antioxidant activity (50 $\mu$g/mL $IC_{50}$/ and 22.4$\pm$1.4 mgVCEAC/g) and NDA (1.243). The medicinal herb tea could help smokers quitting smoking by degrading and exhausting nicotine accumulated in body and removing reactive oxygen species.

Failure analysis of a transmission tower during a microburst

  • Shehata, A.Y.;El Damatty, A.A.
    • Wind and Structures
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    • v.11 no.3
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    • pp.193-208
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    • 2008
  • This paper focuses on assessing the failure of one of the transmission towers that collapsed in Winnipeg, Canada, as a result of a microburst event. The study is conducted using a fluid-structure numerical model that was developed in-house. A major challenge in microburst-related problems is that the forces acting on a structure vary with the microburst parameters including the descending jet velocity, the diameter of the event and the relative location between the structure and the jet. The numerical model, which combines wind field data for microbursts together with a non-linear finite element formulation, is capable of predicting the progressive failure of a tower that initiates after one of its member reaches its capacity. The model is employed first to determine the microburst parameters that are likely to initiate failure of a number of critical members of the tower. Progressive failure analysis of the tower is then conducted by applying the loads associated with those critical configurations. The analysis predicts a collapse of the conductors cross-arm under a microburst reference velocity that is almost equal to the corresponding value for normal wind load that was used in the design of the structure. A similarity between the predicted modes of failure and the post event field observations was shown.

Design of Truncated Mooring Line Model in KRISO's Deepwater Ocean Engineering Basin

  • Jung, Hyun-Woo;Kim, Yun-Ho;Cho, Seok-Kyu;Hwang, Sung-Chul;Sung, Hong-Gun
    • Journal of Advanced Research in Ocean Engineering
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    • v.1 no.4
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    • pp.227-238
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    • 2015
  • The present work was an attempt to investigate the applicability of truncated mooring systems to KRISO's deep ocean engineering basin (DOEB) with ratios of 1:100, 1:60, and 1:50. The depth of the DOEB is 15 m. Therefore, the corresponding truncated depths for this study were equal to 1500 m, 900 m, and 750 m. The investigation focused on both the static and dynamic characteristics of the mooring system. It was shown, in a static pull-out test, that the restoring force of a FPSO vessel could be modified to a good level of agreement for all three truncation cases. However, when the radius of the mooring site was reduced according to the truncation factor, the surge motion response during a free-decay test showed a significant difference from the full-depth model. However, the reduction of this discrepancy was achieved by increasing the radius up to its maximum possible value while considering the size of the DOEB. Especially, in terms of the time period, the difference was reduced from 24.0 to 5.3 s for a truncation ratio of 1:100, 54.1 to 8.6 s for a truncation ratio of 1:60, and 31.7 to 3.9 s for a truncation ratio of 1:50. As a result, the study verified the applicability of the truncated mooring system to the DOEB, and therefore it could represent the full-depth mooring system relatively well in terms of the static and dynamic conditions.

INFLUENCE OF CENTRAL PANORAMIC CURVE DEVIATION ON THE MANDIBULAR IMAGE RECONSTRUCTION IN THE IMPLANT CT (임플랜트전산화단층촬영시 CENTRAL PANORAMIC CURVE의 변화가 하악골의 영상 재구성에 미치는 영향)

  • Park Rae-Jeong;Lee Sam-Sun;Choi Soon-Chul;Park Tae-Won;You Dong-Soo
    • Journal of Korean Academy of Oral and Maxillofacial Radiology
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    • v.28 no.1
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    • pp.47-58
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    • 1998
  • The purpose of this study was to investigate an influence of the change of central panoramic curves on the image reconstruction in the dental implant CT. The author designed three experimental groups according to the location of central panoramic curve. In group A, central panoramic curve was determined as the curve connecting the center of roots from the first premolar to the first molar. In group B, central panoramic curve was determined as the line connecting the lingual cortical plate at the level of the mesial aspect of the first premolar with the buccal cortical plate at the level of the mesial aspect of the first molar. In Group C, central panoramic curve was determined as the line connecting the buccal cortical plate at the level of the mesial aspect of the first premolar with the lingual cortical plate at the level of the mesial aspect of the first molar. Twenty four reformatted CT images was acquired from four mandibles embedded in the resin block and twenty four contact radiographs of dog specimens were acquired. Each Image was processed under Adobe Photoshop program analysed by MSPA(mandible/maxilla shape pattern analysis) variables such as MXVD, MXHD, UHD, MHD, and LHD. The obtained results were as follows ; 1. The mean of MXVD variable was 19.9, 20.2, and 20.0 in group A, B, and C, respectively, which were smaller than actual value 20.5. But, there was no significant difference among 3 groups (p>0.05). 2. The mean of MXHD, UHD, MHD, and LHD variables in group A, B, and C was 11.9, 12.2, and 12.3; 9.3, 9.5, and 9.6; 10.0, 10.3, and 10.3; 9.2, 9.3, and 9.4 respectively which were equal to or greater than the actual value 11.8, 9.3, 10.0, and 9.2. But, there was no significant difference among 3 groups (p>0.05). 3. The number of noneffective observations with difference over or under 1 mm with comparison to the actual value was 24(20%), 58(48.3%), and 52(43.3%), respectively, in group A, B, and C. 4. In group A, the number of observations over 1 mm and under 1 mm was 9 and 15, respectively, but in group Band C, the number of observations over 1 mm was more than under 1 mm.

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Effects of Chilled Drinking Water on Performance of Laying Hens during Constant High Ambient Temperature

  • Gutierrez, W.M.;Min, W.;Chang, H.H.
    • Asian-Australasian Journal of Animal Sciences
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    • v.22 no.5
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    • pp.694-699
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    • 2009
  • The present study was conducted to evaluate the effect of chilled drinking water on the productivity of laying hens under constant high ambient temperature. A total of seventy-two, 123-day-old Hy-line brown layers was divided into two equal groups. The first group (UDWG) was given unchilled water ($23.0{\pm}2.5^{\circ}C$) as a control, and the second group (CDWG) was given chilled water ($16.0{\pm}0.5^{\circ}C$). The laying hens were kept at $30^{\circ}C$ constant temperature with 50% relative humidity and were exposed to 17 h of light per day. Feed intake, egg production, egg quality (egg weight, shell weight, shell thickness, egg color, yolk color, and Haugh unit), and blood samples were collected and analyzed. The results showed that the feed intake of CDWG laying hens was significantly higher (11.64%) than the UDWG counterparts (p<0.01). Egg production of CDWG was also significantly higher (11.27%) than the UDWG counterparts (p<0.001). Furthermore, we observed that the CDWG laying hens had significantly higher (11.72%) levels (p<0.10) of blood calcium, with a corresponding value of 21.92 mg/dl compared to the UDWG hens (19.62 mg/dl). The higher calcium concentration in the CDWG animals may contribute to increased egg production. The CDWG laying hens also contained higher (12.53%) phosphorus concentrations in blood compared to the UDWG (4.22 mg/dl vs. 3.75 mg/dl), although not statistically different (p>0.10). Egg weight and egg quality were not affected by chilled drinking water. In conclusion, providing chilled drinking for laying hens under high ambient temperature improved feed intake and egg production.

A study of the Korean Inclination to visual equivocality (시각적 등가성에 대한 한국인의 성향 연구)

  • 오근재
    • Archives of design research
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    • v.15 no.4
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    • pp.359-368
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    • 2002
  • This study was conducted to analyze the Korean inclination to visual equivocality. Similar studies conducted by several psychologists were reviewed in order to determine whether we can put equal value on the visual equivocality which is often shown in natural appearance. This Korean inclination was also investigated with the help of a public survey. The following conclusions were derived from the study. - In reality, there is no visual equivocality for Koreans except in some specific cases. - It is true that, on a screen, a diagonal line from the lower right to the upper left produces a stronger feeling of upward tendency than one from the lower left to the upper right. - The idea that the right side of a screen looks heavier than the left one was not supported and should be rejected for Koreans. - It was discovered that the user interface is working when a person is describing a natural appearance or looking at a description. This fact is generally accepted for Koreans, the majority of whom are right-handed. - Until now, the idea of a Korean superiority toward the left side in visual expression has been found in our culture. In short, it was uncovered that Korean people generally do not have visual equivocality but, instead, have an inclination to left side rather than the right from various aspects.

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Analysis Operating Characteristics of Matrix-Type Superconducting Fault Current Limiter in Ground Faults of Power Grid (전력계통의 지락사고에 대한 매트릭스형 초전도 한류기의 동작특성)

  • Oh, Kum-Gon;Cho, Yong-Sun;Choi, Hyo-Sang;Oh, Seong-Bo;Kim, Deog-Goo
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.23 no.10
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    • pp.14-20
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    • 2009
  • It is very important for power stability to suppress the excessive fault current happened frequently in the real power grid The superconducting fault current limiter (SFCL) is one of the most effective ways to reduce the fault current among the facilities developed so far. In this paper, we have investigated the operating characteristics of the power grid with the SFCL according to three types such as the single, double and triple line-to-ground faults. In addition, we analyzed the consumption power of the superconducting units based on the working data of the SFCL. We confirmed that the fault current could be limited lower than its peak value to 85 percentage in initial fault condition and to 85 percentage after one cycle in the matrix-type SFCL. The consumption powers of the superconducting units were almost equal by reduction of the difference of the critical current between superconducting units element.

A Study on a Classical Construction Paradigm in Modern Fashion (현대 패션에 나타난 고전적 조형 패러다임에 관한 연구)

  • Kim Hye-Young;Lee Shin-Young
    • The Research Journal of the Costume Culture
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    • v.13 no.6 s.59
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    • pp.960-976
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    • 2005
  • Classicism pursued beauty comprised of a perfect form, and beauty was perceived as a state of sufficiency. Accordingly, a completed and permanent beauty was sought after; as a result, a perfect and flawless form became the mainstream, and there was an effort to visualize the eternal proportional perfection. In classicism, forms were perfectly embodied with systematic inevitability and absolute inflexibility, by which an extremely clear aspect appeared. This study analyzes a classical construction paradigm in modern fashion according to the five categories: 'Harmony and order by numerical proportion', 'Clear form', 'Simplification of form and two-dimensional Seh-form', 'Completed contracture structure', and 'Pluralistic unification', and the respective formative characteristics are as follows. First, in terms of the formative aspect of modern fashion,'Harmony and order by numerical proportion' results from thorough observance of extreme and golden section (proportion of 5 :8) which was an aesthetic standard of beautiful body in classicism. Second, 'Clear form' appears in clothes as individual clearness of structural elements expressing each part of body, and shows a well-established form possible to be grasped with equal and clear contour line. Third,'Simplification of form and two-dimensional Seh-form' comes out as form composition, single line, single layer structure, two-dimensional form and arrangement of elements of clothes through the front viewpoint caused by 2D diagramming work while fashion-designing and producing. Also, it is seen that two-dimensional proportion which is composed of sections through various harmonious lines and sides according to the simple two-dimensional compatibility principle is accomplished. Fourth, 'Completed contracture structure' emerges as an expression of stationariness, in other words, fixation of an overall impression. This is a tendency that the overall form is grasped as a fixedly intact shape without a big change of the silhouette of clothes. Fifth, 'Pluralistic unification' means that it respectively emphasizes all the parts composing clothes by making them individually independent at the same time as each element is inclusively shown with the harmony of the overall silhouette of clothes and many other details. This study examined classical formative characteristics through a theoretical research on a formative paradigm revealing the classical style. Also, the significance of classical or rational value of art was illuminated by observing what characteristics a classical formation paradigm shows in modern fashion. As a result, classical characteristics in modern fashion prove that classicism is not a merely past construction style separated from the present but a construction paradigm deeply involved in our reason system.

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Evaluation of energy and amino acids of brown rice and its effects on laying performance and egg quality of layers

  • An, Byoung-Ki;An, Su Hyun;Jeong, Han-Seul;Kim, Kwan-Eung;Kim, Eun Jip;Lee, Sang-Rak;Kong, Changsu
    • Journal of Animal Science and Technology
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    • v.62 no.3
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    • pp.374-384
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    • 2020
  • Two experiments were conducted to determine apparent metabolizable energy (AME), nitrogen-corrected AME (AMEn), and ileal digestible amino acid (AA) content of brown rice (BR) and to investigate the effect of dietary supplementation of BR on laying performance and egg quality of laying hens. In Exp. 1, 72 Hy-line Brown layers (49-week-old) were allocated to two treatments using a completely randomized block design, and each treatment included six cages per treatment and six hens per cage. A semi-purified diet was formulated to include BR as the sole source of AA and energy and an N-free diet was used to determine basal endogenous loss of AA. The hens were fed a commercial layer diet for adaptation to the experimental environment and diet for 7 days from d 0, and then fed experimental diets for 5 days from d 7. Excreta were collected from d 10 to 11 and ileal digesta were collected on d 12. On a dry matter (DM) basis, the AME and AMEn of BR was determined at 3,773 and 3,729 kcal/kg, respectively. The apparent ileal digestibility (AID) of BR ranged from 32.7% for Thr to 73.7% for Arg. The range of the standardized ileal digestibility (SID) value was between 79.4% for Met and 96.6% for Lys. In Exp. 2, 252 Hy-line Brown layers (44-week-old) were divided into four groups, comprising seven replicates of nine birds each and assigned to four experimental diets containing 0 (Control), 5%, 10%, or 15% BR for 5 weeks. The BR-containing diets were formulated to be equal in the content of AMEn and digestible AA to those of the diet without BR. No significant differences were observed in laying performances. Egg quality and blood profiles were not linearly or quadratically affected by dietary treatments. These results suggest that up to 15% BR can be included into layer feed without any adverse effects on laying performance and egg quality, if its energy and digestible AA values are well evaluated.