• The Journal of Korean Institute of Communications and Information Sciences
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• v.32 no.6B
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• pp.390-401
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• 2007

This paper is to estimate and analyze the price elasticities of demand for mobile calls. We used the data for the period from January 2000 to December 2005 on a monthly basis. Data used are call minutes to mobile-originating(ML+MM), tariff for dispatch of fixed and mobile calls($P_L,P_M$), income(Y), and subscriber for mobile(N). In order to provide robust estimates of price elasticities, we have used two different econometric models. One is a Dynamic model which includes a lagged dependent variable and so can differentiate between long-un and short-run price elasticities using the Generalized Method of Moments(GMM). The other is a Box-Cox transformation model which is one of the most useful methods. Box-Cox transformation model shows that elasticity changes with the lapse of time. The results are as follow : Not including the price indices for land-originating, the estimate is overestimated otherwise. In Box-Cox transformation case, price elasticity had been steadily declining. And this result shows that mobile services had been changed necessities increasingly in Korea.

• Journal of the Korean Home Economics Association
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• v.45 no.6
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• pp.49-59
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• 2007

The purposes of this study were to determine the price elasticities of foodcourt-styled university foodservice, and to identify the attributes that affect these price elasticities. Questionnaires were distributed to 700 students at the K University in Masan, from September 21-27, 2006. 478 questionnaires were ultimately included in the final analysis(response rate: 68.3%). For statistical analysis, SPSS(12.0) was used to conduct the descriptive analysis, t-test, and ANOVA. The results of this study were as follows. The average meal price for in-campus foodservice was \ 2,196 and the average meal price for an off-campus restaurant was \3,044. The university students recognized that the proper price for in-campus foodservice and an off-campus restaurant were, respectively, \2,127 and \ 2,884. The price elasticities for foodcourt-styled university foodservice were 4.20(Kko-Bul-Kko-Bul), 3.83(Il-Poom-Hyang), and 4.10(Ne-Mo-Baek_Ban). The factors that affected price elasticity included the frequency of visiting foodservice, foodservice satisfaction, price satisfaction, and customer's responses to increased meal prices. The recommended price strategy for foodcourt-styled university foodservice was to lower meal price, which would attract more students and increase the sales volume. Simultaneously, foodservice managers should attempt to improve and increase customer satisfaction and the customer's perceived value for meal price. Overall, price elasticity may prove helpful in predicting the customer's behaviors on price changes, and may provide useful basic data for foodservice managers when establishing price strategy.

• Smart Structures and Systems
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• v.13 no.4
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• pp.711-730
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• 2014

In this paper the system dynamic influences in actuators with variable stiffness as contemporary used in robotics for safety and efficiency reasons are investigated. Therefore, different configurations of serial and parallel elasticities are modeled by dynamic equations and linearized transfer functions. The latter ones are used to identify the characteristic behavior of the different systems and to study the effect of the different elasticities. As such actuation concepts are often used to reach energy-efficient operation, a power consumption analysis of the configurations is performed. From the comparison of this with the system dynamics, strategies to select and control stiffness are derived. Those are based on matching the natural frequencies or antiresonance modes of the actuation system to the frequency of the trajectory. Results show that exclusive serial and parallel elasticity can minimize power consumption when tuning the system to the natural frequencies. Antiresonance modes are an additional possibility for stiffness control in the series elastic setup. Configurations combining both types of elasticities do not provide further advantages regarding power reduction but an input parallel elasticity might enable for more versatile stiffness selection. Yet, design and control effort increase in such solutions. Topologies incorporating output parallel elasticity showed not to be beneficial in the chosen example but might do so in specific applications.

• International Journal of Railway
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• v.7 no.1
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• pp.24-33
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• 2014

The Korean high-speed rail (HSR) began its commercial service in 2004. This service has been created significant changes in the system of intercity passenger travels of Korea. However, the actual ridership was approximately half of the estimated one in the planning stage. In this background, this paper presents the difference between the stated preference (SP) before the HSR service and the revealed preference (RP) after it using the intercity travel mode choice models. Several meaningful differences are found in terms of the factors affecting the travel mode choice, the estimation results of model, the monetary values of time, and elasticities. While the access/egress travel time of high-speed rail is less important than in-vehicle travel time in the SP sample, they have same weight in the RP sample. Also the RP models show that the probability of choosing HSR can be decreased by the increase of the number of vehicles in household contrary to the results from the SP models. The monetary values of travel time are relatively high and the direct and cross elasticities in response to changes in level-of-service of HSR are relatively low in the RP sample. This Korean case is expected to offer referable material for preparing high-speed rail services in other countries by showing the difference between the SP and RP before/after the actual service, identifying the importance of access/egress travel time and lower direct elasticities of HSR demand.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2000.05a
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• pp.402-424
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• 2000

• Proceedings of the KOR-KST Conference
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• 2007.11a
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• pp.77-86
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• 2007

• Environmental and Resource Economics Review
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• v.9 no.2
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• pp.311-332
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• 2000

The main aim of this paper is to estimate the change in the quantity demanded of public water when the economic factors such as income and water price are changed. The privious methods to estimate the quantity of public water demanded has been usually based on the LPCD(liter per capita per day). Implicitly, this method regards the price of water as given. If the water price and income elasticities of water demand are estimated using the time-series and pooled data analysis. In the second step, the quantity demanded of public water are forecasted using the estimated elasticities. The results show that we can reduce the quantity demanded of residential water considerably when the water price is changed.

• Journal of the Korean Home Economics Association
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• v.38 no.1
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• pp.139-154
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• 2000

The purpose of this study was to identify the changes in transportation expenditure patterns of urban households during 1985-19o8. The data were drawn from 'Annual Report on the family Income and Expenditure Survey' by National Statistical Office, Republic of Korea. For data analysis, frequency, percentile, mean, and multiple regression analysis were utilized by the SAS window program. The results of this study were as follows; Frist, the levels of public transportation expenditure showed increasing trend, whereas the portions of public transportation expenditure have showed decreasing trend during 1985-1998. And both the level and the portion of private transportation expenditure showed increasing trends during 1985-1998. Second, the marginal propensities to consume of public transportation have decreased, whereas the marginal propensities to consume of private transportation have increased during 1985-1998. Third, income elasticities of public transportation showed decreasing trend during 1985-1998, impling that consumers have less demand public transportation with increasing income. And income elasticities of private transportation showed increasing trend till 1993, and then showed decreasing trend till 1998, impling that consumers have perceived the car as one of necessary goods rather than luxury goods gradually since 1993.

• Journal of the Korean Society of Marine Environment & Safety
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• v.8 no.2
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• pp.61-69
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• 2002

The relatively rapid rising trend of crime rates in marine situations leads to social concerns in Korea. This study reviews some theoretical backgrounds of the economics of crime and applies econometric models to Korean marine crimes. This research finds that there is a negative relationship between marine crime rates and unemployment rates and a positive relationship between the price level and marine crimes in Korea. The other finding results are that unemployment elasticities are higher in the 1980s and price elasticities are higher in th 1990s in comparison with the results of the other periods. This findings are incompatible with the previous theoretical researches in advanced countries. These findings show that In rapidly growing economy, marine crime occurrence is proportional to marine economic activity frequency. This result may reflect that marine crimes are different from land crimes.

• Korea journal of population studies
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• v.25 no.2
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• pp.271-291
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• 2002

According to a system-wide analysis utilizing the raw data of Korean urban households survey, the expenditure elasticity estimate of alcoholic demand is around 0.71, which implies the demand for alcoholic consumption is relatively necessary The own price elasticity estimates are pretty elastic between -1.79 and 2.10. The trend of price elasticity estimates shows to be more elastic recently from the past.