• ETRI Journal
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• 제10권4호
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• pp.146-160
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• 1988

The purpose of the present study is to build a model to determine the structure of long-term quasi-optimal rates of local and toll telephone services. The outline of this study is as follows : Telephone business, providing social goods, is capital-intensive industry which needs huge fixed cost to operate exchanges and telephone networks nationwide. The nature of above industry justifies the market structure of telephone business to be natural monopoly and makes a good reason for government's direct regulation, that is, price regulation. Three is a gap between the present rates and the quasi-optimal ones because some administrative processes intervene in rate making process before execution. On the above diagnostic basis, the present study made an empirical test for the optimality of present rates structure in connection with Ramsey-Boiteux model to maximize the sum of producer's and consumer's surplus and also the current study proposed a qusasi-optimal rates structure for better market performance. From the empirical analysis, we can deduce a policy recommendation the local price should be increased to 47% whereas toll price decreased to 24% in order to improve the net welfare worth of 32.6 billion won.

• 대한전기학회논문지:전력기술부문A
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• 제53권8호
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• pp.484-489
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• 2004

When the energy resource available to a particular plant (be it coal, oil, gas, water, or nuclear fuel) is a limiting factor in the operation of the plant, the entire economic dispatch calculation must be done differently. Each economic dispatch calculation must account for what happened before and what will happen in the future. This paper presents a formulation and a solution method for the optimization problem with a fuel constraint in a competitive electricity market. Take-or- Pay (TOP) contract for an energy resource is the typical constraint as a limiting factor. Two approaches are proposed in this paper for modeling the dispatch calculation in a market mechanism. The approaches differ in the subject who considers and inserts the fuel-constraint into its optimization problem. Market operator and each power producer having a TOP contract are assumed as such subjects. The two approaches are compared from the viewpoint of profits. surplus. and social welfare on the basis of Nash Equilibrium.

• 자원ㆍ환경경제연구
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• 제21권1호
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• pp.93-127
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• 2012

본 논문에서는 전력시장에서 원가 이하로 규제되고 있는 소매요금제도의 문제점을 분석하기 위해 규제된 소매요금 대신 시간별 도매시장가격의 변동을 반영하는 실시간 요금제를 도입할 경우 사회후생에 미치는 영항과 이와 같은 소매요금제도의 변화가 한국전력의 손실 규모를 어느 정도 보전할 수 있는지를 추정한다. 전력거래소의 전력통계정보시스템(EPSIS)과 에너지경제연구원 국가에너지통계종합정보시스템(KESIS), 통계청, 한국은행, 기상청의 2008~2010년 통계자료에 기초하여 실질소매가격, 온도, 가구수, 습도 실질 GDP, 그리고 요일 및 공휴일 더미 등을 설명변수로 이용하여 상대적으로 수요가 많은 여름(6~8월)과 겨울(12~2월)의 최대 부하시간대와 최저 부하시간대의 수요패턴을 분석하였다. 회귀분석을 통해 추정된 선형수요함수와 발전기별 한계비용에 기초하여 산정된 계단식 공급함수를 이용하여 규제된 소매요금이 시장균형가격인 실시간 요금으로 전환될 경우의 사회후생 변화를 살펴본 결과, 여름기간(6~8월)에는 사회후생이 약 674억 원 증가하는 것으로 나타났다. 또한 한전손실 총액 중 7,055억 원은 소비자잉여의 이전으로, 나머지 674억 원은 시중손실의 감소로 충당될 수 있음을 확인하였다. 겨울에는 사회후생 증대가 약 2,251억 원에 이르고, 한전의 손실 중 1조 1,743억 원이 소비자잉여의 전가로 보전될 수 있는 것으로 나타나 소매요금의 규제가 사중손실의 발생을 통해 전체 사회후생을 감소시키고, 한전에게 막대한 손실을 초래하고 있다는 결과를 도출하였다.

• KDI Journal of Economic Policy
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• 제36권4호
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• pp.71-102
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• 2014

국내시장에 높은 시장지배력을 지닌 사업자가 존재하여 일반적인 외국산 제품에 대한 수입 활성화나 병행수입 활성화를 통한 국내시장 경쟁도 제고에 한계가 있을 경우, 해당 사업자가 국내에서 생산하여 해외에 수출한 제품을 다시 수입해 오는 재병행수입의 촉진 또한 사회후생 증가에 기여할 수 있는 유효한 도구라고 볼 수 있다. 본 연구에서는 이와 같은 사실에 주목하여 자동차산업에서의 재병행수입의 경제적 효과를 살펴보았다. 보다 구체적으로는, 국내 자동차산업의 수요와 공급 시스템을 구조적으로 추정하여 국내에서 생산되어 미국시장에서 내수시장에서보다 현저히 저렴하게 판매되고 있는 차종들의 재수입 활성화를 가정한 반사실적 실험을 시행한 결과, 재병행수입의 활성화는 기업들의 이윤을 감소시키지만 그 이상의 소비자후생 증가와 함께 소폭의 추가 재정수입 증가를 가져와 전체적으로 사회의 경제적 후생 증가에 기여함을 확인하였다. 이는 재병행수입에 관련된 제약에 의한 정책비용이 발생하고 있는 것으로도 이해할 수 있으므로, 경쟁정책 당국은 물론 산업 및 무역 정책을 담당하는 정책당국이 이와 같은 비용을 간과하지 않도록 지속적인 관심을 가질 필요가 있을 것이다.

• 자원ㆍ환경경제연구
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• 제20권4호
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• pp.689-733
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• 2011

본 연구에서는 다수의 교환비율을 가진 이산화황 배출허가권을 거래하기 위한 계획을 평가하였다. 이러한 비율들은 가상의 사회비용 최소화 과정 속에서 배출권자들의 한계 환경규제준수 비용에 기초하여 정해진다. 이러한 계획은 일대일 방식의 배출권거래로 알려진 현존하는 미국 환경국의 거래프로그램과 대조되어 고찰되었으며 두 정책들 모두 동일한 배출총량을 발생시키는 것으로 모형화하였다. 이산화황의 집중도와 건강피해 정도에 더하여 두 정책들 사이에서의 소비자와 생산자 잉여를 알아보기 위해 미국 환경산업에서의 부분균형을 수량화한 모형이 사용되었다. 그 결과 지역오염 수준은 두 정책에 따라 상당히 크게 변화되는 것으로 발견되었다. 다양화된 교환비율들의 구조는 단일비율하에서의 배출권거래보다 산업이익 측면에서는 22억 달러, 그리고 건강피해규모에서는 21억 달러만큼 능가하는 것으로 평가되었으나 소비자 잉여를 67억 달러만큼 감소시키는 것으로 추정되었다. 따라서 기대와는 달리 교환비율들은 25억 달러만큼 총후생을 감소시키는 것으로 추정되었다. 이러한 결과는 실증적인 문제일 수도 있지만 근본적으로는 메커니즘 디자인의 설정에 기인한다.

• Journal of Korea Trade
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• 제25권3호
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• pp.1-20
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• 2021

Purpose - The purpose of this paper is to examine the welfare effects of standards harmonization between technologically asymmetric countries, and to determine optimal harmonization strategies for a country with mid-level technological advancement. Design/methodology - Following Salop's circular city model (Salop, 1979), this study constructs a simple, horizontally-differentiated oligopoly model in which three firms and three countries exist. Each country adopts different compatibility standards and each firm incurs conversion costs for foreign market access due to differences in standards. The conversion costs are related to technology; standards harmonization removes these costs between participating countries. The paper considers three cases: i) no harmonization; ii) harmonization with the more technologically-advanced country and iii) harmonization with the less technologically-advanced country. Findings - The paper first considers a scenario in which all three firms occupy some share of the market in each country. It shows that standards harmonization with both the technologically moreor less-advanced country always increases consumer surplus and social welfare. In addition, the producer surplus will increase if the harmonization partner has a higher technology level, whereas it may decrease if the partner has a lower technology level. It also shows that if most domestic export goods are in sectors with conversion costs above a certain level, harmonizing standards with a technologically more-advanced country should be prioritized. Such strategies, moreover, should be emphasized when there exists a large technology gap among countries. Lastly, the paper considers another scenario, in which harmonization leads to the foreclosure of the non-member firm from the member countries' markets. It shows that harmonization improves the social welfare of a mid-level technology country regardless of its partner's technology. It also shows that the country should prioritize harmonization with the technologically less-advanced country. Originality/value - Though some of the existing studies consider the welfare effects of harmonization, their main assumption is that firms have the same conversion technology. Since complying with standards often requires substantial technological advancement and technical expertise, harmonization of compatibility standards between countries with gaps in technological ability carries different implications. This paper investigates the welfare effects of this harmonization and determines an optimal harmonization strategy while considering technological asymmetry among countries in standards compliance.

• 농촌지도와개발
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• 제7권2호
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• pp.257-277
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• 2000

The objectives of this study are to investigate the relationship between the growth of the horticultural sector and horticultural research and extension and to examine the socioeconomic returns to investment on research and extension in Korean horticulture. Data for horticultural production values, producer price indices and research and extension budgets for horticultural sector from 1965 to 1998 are collected from various sources. Multi-variate time series analysis technique with vector auto-regression model and Akino-Hayami Formula were employed for the analysis. This study finds (1) horticultural production responds about seven years later to the horticultural research investment shock. the magnitude of the impacts increases to a peak in seventeen years from the initial expenditures and then declines slowly thereafter until twenty years. and this peak gives a tip that horticultural research impact lasts much longer than grain's or agriculture's: (2) the social surplus from research investment benefits more to the consumer rather than to the horticultural producer: (3) B/C ratios in horticultural research are quite high with the range of 9 to 55 from 1965 to 1998. but these have been decreased since the early 1990s: (4) the socioeconomic returns to horticultural research is quite high with 56 percents of internal rate of return. It remains to be analyzed returns to investment on extension in horticulture because of no statistic significance in this study.

• 수산경영론집
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• 제49권1호
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• pp.67-89
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• 2018

In fisheries, as well as in other natural resource-based industries, there is difference between profit and rent. The former is a basic indicator for gauging the business performance of firms, while the latter is for the evaluation of the contribution of resources and industry to economic welfare. Put simply, resource economists are mainly concerned about rent, including pure resource rent and producer surplus (intra-marginal rent [IMR]). In other hand, business economists are mainly concerned about the profitability of the firms comprising the industry. In the academic literature, there are not always clear definitions of the profit and rent concepts and their use in actual analyses. This article will mainly discuss and clarify differences and similarities in profit and rent concepts. In the classical fisheries economic model with one-dimensional homogenous effort and a constant cost per unit of effort, no rent exists in open-access equilibrium. A simple change in this model, for example by introducing heterogeneous effort, opens it to the existence of rent, specifically IMR, at open-access equilibrium. We estimated resource rent and profit from the data using SNA(system of national accounts) and accounting data methods. RR(resource rent) is composed of value-added, compensation of employees, consumption of fixed capital and normal profit in SNA. RR(resource rent) is composed of EBT, Depreciation of fishing rights, financial costs of fishing rights and calculated interests on equity in accounting data methods. We found that the result of two methods is equal. RR is composed of excess profit, rent and interest expenses. In Korea, the magnitude of RR and profit is not different significantly.

• 기술경영경제학회:학술대회논문집
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• 기술경영경제학회 2005년도 제26회 동계학술발표회 논문집
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• pp.124-139
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• 2005

In the early stage, the radio communication industry was widely accepted as a monopoly industry, so it has been controled and managed by government. But the advanced technology in Information and Technology industry has led constant increase of demand and dramatic change of communication market. Furthermore it is expected that frequency resource is to be short by market change due to wire-wireless integration. That is why the effort to utilize and manage limited frequency resource efficiently is being executed around the world. Not only newly developing and allocating the spectrum but also reallocating the existing spectrum important are, since transforming inefficiently used existing spectrum to new service can increase producer's surplus and social welfare. The economic approach to valuate the spectrum and spectrum usage right is necessary different from the traditional cost based approach, and through this approach I expect active transaction of spectrum. In this paper the real option methodology is used for valuation of spectrum, considering spectrum user's option right based on future revenue. In detail, the matter of withdrawing and reallocating the existing analog radio broadcasting spectrum is evaluated in this paper, The digitalization of a broadcasting service is widely spreaded around the world in terms of technology and service utility, and analog TV broadcasting has already been decided to be transformed to digital TV broadcasting. It was planned to convert analog radio broadcasting to DAB service before adopting DMB service, but nowadays this issue is not on the table anymore. However if the increasing demand of digital voice and broadcasting service is considered, this kind of research to valuate a spectrum is needed urgently. The result of this research shows that when the redeployment of spectrum is done, social welfare will increases. The point of the reallocation time and value are suggested by the monte carlo simulation through ROVM. In this paper, I use real option to valuate the spectrum and provide the point of the reallocation time and reasonable guideline, and moreover, the suitable information of this paper is expected to reduce risk and loss in policy practice.

• 농업과학연구
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• 제6권2호
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• pp.192-197
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• 1979

분무철포립자(噴霧撤布粒子)의 연구(硏究)에 있어서 공기중(空氣中)에 표류하고 있는 분무립자(噴霧粒子)의 직경(直徑)을 직접(直接) 측정(測定)하기 어려우므로 입자(粒子)자국의 직경(直徑)과의 비(比)인 확산비(擴散比)(Spread factor)를 이용(利用)함이 일반적(一般的)이다. 물에 Geigy Red Herbicide 물감을 0.5%로부터 2%까지의 중량비(重量比)로 혼합하여 분무액(噴霧液)을 준비하고 균일(均一)한 크기의 입자발생장치(粒子發生裝置)로 발생(發生)한 공기중(空氣中)의 표류 입자(粒子)의 직경(直徑)을 측정(測定)하고 이들 입자(粒子)들을 바로 표본기지(標本期紙) 또는 Eucalypt 잎위에 받아서 입자(粒子)자국의 직경(直徑)들을 측정(測定)하여 입자(粒子)자국의 직경(直徑) 대(對) 공기중(空氣中)의 표류입자(粒子)의 직경(直徑)의 비(比)인 확산비(擴散比)를 구(求)한 결과(結果) 다음과 같은 결론(結論)을 얻었다. 공기중(空氣中)의 표류입자(粒子)의 직경(直徑)과 Kromekote 용지(用紙) 또는 Eucalypt 잎위에 살포(撒布)된 입자(粒子)자국직경(直徑)의 상관성(相關性)의 방정식(方程式)의 일반형(一般形)은 지수방정식(指數方程式)인 $Y=aX^b$로서 log-log 그라프용지(用紙) 상(上)에 직선관계식(直線關係式)으로 나타났다. 엷은 농도 용액의 확산비가 진한 농도 용액의 확산비 보다 일반적(一般的)으로 크게 나타났다. Eucalypt 잎 상(上)에서의 확산비는 용액이 잎속으로 침투하고 엽면(葉面)의 오목한 기공(氣孔)을 가진 표면(表面)으로 인(因)하여 Kromekote 용지(用紙) 상(上)의 확산비보다 상당히 작게 나타났다. Eucalypt 잎 상(上)에 낙하된 입자(粒子)의 평균(平均)두께 추정식(推定式)은 $Y=aX^b$로서 확산비의 상관식(相關式)과 같은 형(形)이었고 이 식(式)은 병충해방제(病蟲害防除) 최소직경(最小直徑)의 입자(粒子)를 기준(基準)할 때 이기준치(基準値)보다 큰 입자(粒子)를 살포(撒布)하는 경우에 있어서 입자(粒子)가 클수록 과잉살포결과를 초래하고 있음을 의미(意味)하고 있다.