• Title/Summary/Keyword: elasticities

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A Comparison of Consumption Expenditure Patterns between working-wife families and nonworking-wife families (취업주부가계와 전업주부가계간 소비지출패턴 비교)

  • 정순희
    • Journal of Families and Better Life
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    • v.18 no.2
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    • pp.93-108
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    • 2000
  • This study examines difference in expenditure patterns between working-wife families and nonworking-wife families. The data used in the study is 4,506 husband-wife families take National Survey of family Income and Expenditure in 1996. Of the sample, 42.3% are working-wife families. Consumption expenditure patterns are analyzed in two ways. One is the budget share of each given expenditure and the other is elasticity of those expenditure. The main results of this study are as follows: First, there are the differences between working-wife families and nonworking-wife families in the budget share of each given expenditure. In the budget shares of each given expenditure, nonworking-wife families share more than working wife families for food and medicine. And working-wife families allocated more on public transportation than their counterparts. Second, there are also differences between working-wife families and nonworking-wife families in income elasticities.

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A Study on the Price Elasticities of Electricity Demand (전력수요의 가격탄력성에 관한 연구)

  • 김동현
    • Proceedings of the Korea Society for Energy Engineering kosee Conference
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    • 1996.10b
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    • pp.45-53
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    • 1996
  • 한전은 1995년 5월에 가격기능에 의한 수요관리 효과를 증진시키기 위하여 계절·시간대별 차등요금(이하 계시별 요금)을 대폭적으로 변경하였다. 본 연구는 이와 같은 요금구조 변경에 대한 수용가의 반응도 분석을 위한 것이다. 이를 위하여 요금구조 변경전인 95년 4월을 기준으로 1년후인 1996년 4월의 일반용(을) 및 산업용(병) 갑 및 을 종별에 대한 가격탄력성과 수용가의 부하패턴 변화를 측정하였다. 가격탄력성은 산술적 모형을 이용하면 산업평균 최대부하 시간대가 -0.0121, 중부하 및 경부하 시간대가 각각 -0.0788 및 -0.0012으로 산출되었다. 또한 회귀모형을 이용할 경우 최대부하 시간대가 -0.0126, 중부하 시간대가 -0.0018 및 최대부하 시간대가 0.0006로 나타났다. 한편 계시별 요금에 대한 수용가의 반응성은 다음과 같이 요약할 수 있다. 첫째, 계시별 요금이 피크시간대에 매우 낮으나 분명한 수요감소에 영향을 주고 있다. 둘째, 산업별로의 수용가의 반응성이 매우 다르다. 셋째, 상업용 수용가의 반응도가 매우 낮다. 넷째, 같은 가격탄력성은 수용가의 규모가 클수록 가격 변화에 대한 수용가의 반응성은 낮은 것으로 나타났다.

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Panel Estimation of Price Elasticities on Residential Water Demand in Korea (패널 자료를 이용한 생활용수의 수요탄력도 분석 및 가격정책)

  • Park, Doo-Ho;Choi, Han-Joo
    • Proceedings of the Korea Water Resources Association Conference
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    • 2006.05a
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    • pp.269-274
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    • 2006
  • 전국 176개 지자체의 5개년 자료를 이용하여 생활용수의 가격탄력성을 분석 하였다. 기존의 연구에 비해 상대적으로 낮은 결과가 도출되었다. 수도요금 10% 인상에 수요량은 0.5% 감소하는 것으로 나타났다. 따라서 수도요금 인상을 통해 수요량 절감을 달성할 수 있을지 여부는 불투명해 보인다. 따라서 탄력성이 있다는 결론이 자칫 수돗물 값을 몇 % 인상시키면 댐 몇 개가 필요 없다는 식의 논리는 위험한 생각이다. 물 값의 역할은 물수요 절감뿐 아니라 향후 공급에 요구되는 비용의 회복과 시설의 효과적인 유지 및 관리비용임을 명심해야 한다. 국가 정책의 수립을 위해서는 정상적인 가격체계의 도입과 함께 보다 객관적인 연구가 요구된다.

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Dissecting Gains from Trade: Changes in Welfare Cost of Autarky

  • Kharel, Paras
    • East Asian Economic Review
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    • v.22 no.3
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    • pp.275-306
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    • 2018
  • Amid a general rise in protectionism and a trade war between the world's two largest economies, this paper analyzes changes in gains from trade for the world over a decade marked by rapid global economic integration preceding the global financial crisis of 2007-08. It employs state-of-the-art quantitative trade models based on the gravity equation to estimate autarky gains from trade, as well as a recently introduced ANOVA-type structural estimation of the gravity equation to obtain trade costs free of residual trade cost bias. Between 1995 and 2006, the cost of moving to autarky increased by about 45% on average. A decomposition exercise suggests most of the increase in autarky gains from trade on average was due to increases in import shares in total spending, with a limited role for reallocations of spending across sectors with varied trade elasticities. Changes in trade costs between 1995 and 2006 are found to have increased autarky gains from trade, as measured in 2006, by up to 100%.

Measuring Recreational Benefits of Chilgap Reservoir Using TCM (TCM을 이용한 칠갑저수지의 레크리에이션 편익 분석)

  • Hong, Seungjee;Kim, Dae-Sik
    • Journal of Korean Society of Rural Planning
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    • v.22 no.3
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    • pp.97-106
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    • 2016
  • The study attempts to estimate the recreational benefits of Chilgap multi-purpose reservoir using the on-site survey sample of 130 visitors. The individual travel cost method is used for measuring the recreational benefits of Chilgap multi-purpose reservoir and a zero-truncated negative binomial model is used to elicit the travel demand function. The price elasticities of visit demand are ranged from 0.29 to 0.39. Recreational benefits are ranged from 119 to 156 thousand won per visit and are ranged from 292 to 383 thousand won per annual. When the number of annual visitors to Chilgap reservoir is appled, then the recreational benefits are ranged from 2.7 to 3.6 billion won. This study could contribute to the advancement of post-construction evaluation in the public construction field similar to Chilgap reservoir.

A Study on the Demand for Organic Farming Products (주요 유기농산물 수요분석 및 전망)

  • 윤석원;박영복
    • Korean Journal of Organic Agriculture
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    • v.10 no.1
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    • pp.19-34
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    • 2002
  • This study is to analyze the demand for organic farming products . The demand for organic farming products is increasing rapidly but the study to analyze the demand system by the methods of econometrics is not tried at all because there is no any formal statistical data about the demand. Therefore, this study tries to estimate the raw statistical data to expect the demand trends of organic farming products in the future. To analyze the demand functions of organic farming products such as rice, bean, apple, grape, beef, and park, this study uses AIDS model by using several assumptions and estimates the price and income elasticities of the demands. The results demonstrate that the demands of organic farming products will be increased in the future and the prices of organic farming products will be the key factor in the demand, In 2004, the quantity demanded of the organic grape will account for 3% of total grape market. As a result, consumer's concerns about organic farming products will be high and the demand for organic farming products will be increased. Thus, the reasonable price system has a significant influence on the market of organic farming products.

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Estimating the access demand funciton of the celluar communication service (셀룰러 통신 서비스의 수요 함수 추정)

  • 이영용;강국창;오형식
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.324-327
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    • 1996
  • In this paper, the affecting factors of the access demand for the cellular service are derived, and the access demand function of the cellular service is estimated. The results obtained in this study are as follows: First, the price (access charge) and the income elasticities of cellular services there exists a network externality in cellular communication services. Third, the technological capability of the service provider has played an essential role in expanding the size of subscribers. Fourth, the access demand of cellular communication service is not sensitive to the usage charge. According to the above results, it can be inferred that if the access charge is lowered, the number if subscribers will increase to the critical mass, and then the cellular communication market will grow up to a saturation point naturally.

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An Energy Demand Forecasting Model for the Residential and Commercial Sector (민수부문의 에너지원별 수요예측모형)

  • 유병우
    • Journal of the Korean Operations Research and Management Science Society
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    • v.8 no.2
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    • pp.45-56
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    • 1983
  • This paper presents a generalized fuel choice model in which restrictive constraints on cross-price coefficients as Baughman-Joskow-FEA Logit Model need not be imposed, but all demand elasticities are uniquely determined. The model is applied to estimating aggregate energy demand and fuel choices for the residential and commercial sector. The structural equations are estimated by a generalized least squares procedure using national-level EPB, KDI, BK, KRIS, MOER data for 1965 and 1980, and other related reports. The econometric results support the argument that “third-price” and “fourth-price” coefficients should not be constrained in estimating relative market share models. Furthermore, by using this fuel choice model, it has forecasted energy demands by fuel sources in, the residential and commercial sector until 1991. The results are turned out good estimates to compare with existing demands forecasted from other institutes.

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Intergenerational Income Elasticities in Korea and Their Trend (한국의 세대 간 소득탄력성과 추세)

  • Kim, Bonggeun;Seok, Jae Eun;Hyun, Eun Ju
    • Journal of Labour Economics
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    • v.35 no.2
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    • pp.25-41
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    • 2012
  • This paper estimates the intergenerational income mobility of Korea by applying the new errors-in-variable correction methods to recent waves of the Korea Labor and Income Panel Study. The intergenerational income elasticity estimates ranged from 0.24 to 0.34 show a substantial intergenerational income association in Korea and an upward trend over time.

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Optimal Pricing Rules for Public Transport (최적의 대중교통요금 결정원리)

  • 손의영
    • Journal of Korean Society of Transportation
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    • v.8 no.1
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    • pp.17-24
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    • 1990
  • The first-best pricing rule which achieves economic efficiency is to equate price with marginal cost. Since public transport demand is derived from some other demand, the user cost as well as the producer cost are considered in its pricing. The optimal price is derived from a derivative of the total social cost with respect to demand. In case of the bus, if there is enough capacity for demand increase, the optimal price is determined by the marginal producer cost resulting from bus sped decrease and by the marginal user cost resulting from journey time increase. Both are caused by boarding and fare collecting time of an additional passenger. Because of the budget constraints, the marginal cost pricing cannot be applied in practice. Then price discrimination as the second-best pricing is introduced. The Ramsey pricing, to charge different prices for different demand elasticities, and nonuniform prices such as travelcards can be applied. However, there is practical difficulty in implementing these prices because of great informational requirements, the costs of administration and the ease to users.

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