• Environmental and Resource Economics Review
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• v.17 no.4
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• pp.775-812
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• 2008

This paper provides a theoretical approach to the New Zealand's Catch-Balancing Regime (CBR) with a reporting requirement under the Individual Transferable Quota (ITQ) system. The enforcement strategy depicted draws on recent literature regarding practical applications of the Revelation Principle. New Zealand's use of CBR-specific instruments such as deemed values, remains to be improved. However, some of its features can constitute a valuable example for regulators seeking to improve their methods of dealing with issues as bycatch or overfishing in order to maintain Total Allowable Catch (TAC) levels under emerging ITQ systems. The enforcement strategy analyzed has the potential to provide a more sustainable and efficient management of the fish stock, reduce discarding and stabilize monitoring costs, while improving the level of reporting compliance.

• Environmental and Resource Economics Review
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• v.12 no.2
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• pp.299-325
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• 2003

This study uses Conrad's model(nominal fishing effort) of a fishery to analyze theoretically the effects of cost changes on fishing effort, harvest level, and stock size. Static and dynamic open access effects are also modeled present value maximizing scenarios through simulations, and compared an extended model, Cunningham's model(diminishing fishing effort). Results show that an increase in the unit cost of effort goes up the fish stock in static open access, but open access dynamics shows the exhaustion of fish stock as the unit cost of effort decreases. In conclusion, we can derive the optimal equilibrium of resource, given conditions and parameters, as well as utilize this comparative statics to efficient fishery management.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.11
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• pp.7971-7977
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• 2015

This paper attempts to select the attributes of job creation and to rank them for evaluation of companies' job creation. And the results of this paper are expected to provide the information for the polices of job creation. In doing so, this paper applies fuzzy decision making analysis that reflects ambiguity and uncertainty in decision-making process. According to the results, the weight of quality of employment is similar with that of quantity of employment. In addition, annual employment growth rate, annual net employment are ranked as first and the percentage of irregular employment, the average length of employment of all workers, average monthly wages of all workers, and employment growth over sales growth rate are next ranked.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.11
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• pp.7781-7787
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• 2015

The purpose of This paper is to address the development on supply-demand outlook model of aqua-cultured korean Flatfish and introduces a projection of supply-demand and market prices during 2015-2017 using developed model. The supply-demand outlook model is composed as a partial equilibrium model of Korean Flat fish. Each equation in the model is estimated by the econometric techniques. A reviews of the demand-outlook model stability is also carried out by the references based on RMSPE. MAPE, and Theil's inequality coefficients. According to the reference of RMSPE, the error rates of the forecasting values of the aqua culture area, culturing quantity, production quantity, market price show less than 4%, The production quantity and farm price are predicted respectively to be 42,561MT and 10,191KW per kg in 2017.

• International Journal of Computer Science & Network Security
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• v.21 no.3
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• pp.198-205
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• 2021

For twenty years, in the EU there has been a trend of a lack of maritime infrastructure and a redundance of the road one, which has a negative impact on the economy. The intermodal transport market structure in the EU has not changed over the past ten years. The stability of transport systems due to the lack of changes in the transport market remains under threat, affecting supply chains and networks through the optimization of warehousing and transportation costs. The research methodology is based on a quantitative assessment of cause-and-effect relations between economic growth and transport and logistics in the EU. A statistical analysis of security indicators, intermodal and modal transport, international trade in goods within the EU and in the world trade in goods, the dynamics of GDP of the EU countries, the level of openness of the EU economy, investment and maintenance costs of different modes of transport and infrastructure has been carried out. The results show that in 2000- 2010 there were positive changes in the transport and logistics infrastructure of the EU, which had a positive effect on trade, openness of the economy of the EU, GDP growth. However, at that time, negative effects of environmental impact and the load on road and rail transport were accumulating. Investment in different modes of transport is limited, and technical maintenance and infrastructure maintenance costs form a significant part of GDP of the EU. A slowdown in economic growth leads to budget constraints and infrastructure financing gap. As a result, the freight and passenger intermodal and modal transport market structure remains virtually unchanged. The load on rail and road transport remains stable, despite the reduced level of transport hazards. Transport productivity has declined over the past ten years. Herewith, the intensification of trade and the openness of the EU economies require constant modernization and innovative renewal. The EU policy in this direction remains normative, uncontrolled, which is reflected in investment differences within the EU and maintenance costs.

• 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.

• Journal of Korean Society of Environmental Engineers
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• v.37 no.9
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• pp.499-504
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• 2015

The composite anodes of expanded graphite (EG) and multiwall carbon nanotube (MWCNT) for microbial fuel cells were fabricated by using coal tar pitch (CTP) binder containing nickel (Ni), and the effect of the anodes with the binders on the performance of the MFCs were examined in a batch reactor. During the start-up of the MFCs, quick increase in voltage was observed after a short lag phase time, indicating that the CTP binder is biocompatible. The biomass attatched on the anode surface was more at higher Ni content in the binder, as well as at smaller amount of CTP binder for the fabrication of the anode. The internal resistance of the MFC was smaller for the anode with more biomass. Based on the results, the ideal combination of CTP and Ni for the CTP binder for anode was 2 g and 0.2 g, respectively. The maximum power density was $731.8mW/m^2$, which was higher 23.7% than the anode with Nafion binder as control. The CTP binder containing Ni for the fabrication of anode is a good alternative in terms of performance and economics of MFCs.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.6
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• pp.145-155
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• 2020

This study analyzes the degree of competition in the oil refinery market in Korea, which is considered an oligopoly market. The price of gasoline and diesel and the quantity of supply are used to identify the market competition. We also analyze whether the oil tax reduction policy has affected market competition. The competitiveness of the market was examined using monthly data from 2008 to 2019. Bresnahan-Lau method was employed to estimate the degree of competition in the oil refinery market, which is frequently used in the industrial studies. The analysis shows that the gasoline and diesel markets seem close to a perfect competitive market. Also, the tax cut has weakened market competition. In other words, the monopolistic power has increased in the market, so consumers have not benefit from the price cuts as much as tax cuts. Although the oil refinery market where four major companies are competing, the government's monitoring and price disclosure system help the market to be highly competitive as much as a perfect competition market. The tax cut, in the high oil price era, has a negative effect on the competition because of an information asymmetry about the price-setting process between suppliers and consumers.

• The Journal of Fisheries Business Administration
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• v.46 no.2
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• pp.43-57
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• 2015

The study aims to identify the current status of aquaculture information in Korea and suggests policy directions for its integrated management. Firstly, the study focuses on the identification of the current status of aquaculture information by reviewing how aquaculture information is managed. Secondly, this study identifies problems such as lacks in necessary aquaculture information, inefficiency caused by dispersion and overlapping of information, absence of integrated management system and insufficient sharing of information. After identifying the current status of aquaculture information and its problems, the study suggests three basic directions to systematically integrate and manage the information such as establishment of infrastructure for promoting the integrated management of aquaculture information, generation and systematic management of useful aquaculture information and enhancement of user convenience. Finally, the study suggests detailed strategies such as establishment of a foundation to facilitate integrated management of aquaculture information, organization of organic network, sharing of more information, creation of necessary information through demand survey, creation of systematic management system, provision of a customized total service, and increase in education and PR activities on information use.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.11
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• pp.779-788
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• 2020

Commercial banks play an important role as the main source of funding in the transition process of Vietnam as a market economy. As a result, enhancing the efficiency and productivity of Vietnamese banks can decrease the lending cost for individuals and enterprises. This study is to measure and analyze the productivity change of Vietnamese banking system in different ownership cohorts and sources of this change during the period of restructuring (2011-2019). The Hicks-Moorsteen total factor productivity index is utilised to measure the productivity change and to identify the sources of this change. For an empirical analysis, the data of 28 Vietnamese commercial banks from 2011 to 2018 is collected from their financial statements including balance sheets and income statements. The results show an increase of Vietnamese bank productivity due to the technological progress. While foreign and joint-venture banks are the most advanced cohort, state-owned banks have the lowest rate of productivity growth. The restructuring program negatively impacts scale efficiency and this measure attributes to a decline in the overall efficiency of the banks. We also found that state-owned commercial banks are the most efficient group in the sense that they can achieve the maximal level of revenue from a given amount of expense.