• Environmental and Resource Economics Review
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• v.11 no.2
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• pp.291-319
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• 2002

This Paper investigates imperfect competition and economy of scale on Korean energy markets based on computable general equilibrium model. Some industries like energy sector have exhibited that their economies have strong economies of scale and imperfect competition. Thus these industrial organization facts should be incorporated into CGE model. In our model, non-competitive markets are adopted and compare these results with convention perfect competition model.

• Journal of the Korean Operations Research and Management Science Society
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• v.32 no.4
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• pp.19-35
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• 2007

This study is for detecting the Braess Paradox by stable dynamics in general transportation networks. Stable dynamics, suggested by Nesterov and de Palma[18], is a new model which describes and provides a stable state of congestion in urban transportation networks. In comparison with user equilibrium model based on link latency function in analyzing transportation networks, stable dynamics requires few parameters and is coincident with intuitions and observations on the congestion. Therefore it is expected to be an useful analysis tool for transportation planners. The phenomenon that increasing capacity of a network, for example creating new links, may decrease its performance is called Braess Paradox. It has been studied intensively under user equilibrium model with link latency function since Braess[5] demonstrated a paradoxical example. However it is an open problem to detect the Braess Paradox under stable dynamics. In this study, we suggest a method to detect the Paradox in general networks under stable dynamics. In our model, we decide whether Braess Paradox will occur in a given network. We also find Braess links or Braess crosses if a network permits the paradox. We also show an example how to apply it in a network.

• Korea Trade Review
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• v.47 no.4
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• pp.125-135
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• 2022

This study is to analyze the economic effects of tariff reduction using computable general equilibrium(CGE) model. We set up the social accounting matrix for five-base equilibrium year. Our main findings are as follows. First, the impact of tariff reduction on GDP was different from time to time. It meas that the differentiated economics structure was affected by tariff reduction. As our economic grew up, the impact of tariff reduction was measured much higher. Second, until 1995 the impact of tariff reduction on total export and import was increased, then while 1995 the increase was dropped. This is because we reduced the tariff by the WTO negotiations. Third, the tariff reduction affected the price of imported goods, so it contributed to substitute effects between domestic and imported goods. According to these results, we found out the importance of the linkage between the tariff reduction and economic structure.

• Journal of the Chungcheong Mathematical Society
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• v.23 no.4
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• pp.691-698
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• 2010

In this paper, we first introduce a new model of strategic Nash game with insatiability, and next give two social equilibrium existence theorems for general strategic games which are comparable with the previous results due to Arrow and Debreu, Debreu, and Chang in several aspects.

• Environmental and Resource Economics Review
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• v.5 no.1
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• pp.1-39
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• 1995

본 연구는 에너지정책을 종합적 차원에서 일반경제정책과 병행하여 정량적으로 분석할 수 있는 수리모형 (numerical multi-sector general equilibrium model)을 개발하기 위하여 시도되었다. 모형은 크게 (i) 가격/기술변화 반응적인 투입-산출계수를 내생화한 "산업간 거래모형 (inter-industry production model)", (ii) 민간에 의한 최종부문 수요를 나다내는 "소비자 선택모형 (consumer choices model)", 그리고 (iii) 생산물시장과 본원적 투입요소시장, 수출입시장 등에서 민간기업 정부 및 해외라는 개별 경제주체간의 행태를 반영하는 "거시경제 (성장) 모형 (macro-econometric growth model)"으로 구성되어 있다. 이러한 방법은 분석경제를 충분히 세분하고 제(諸)경제변수들의 동시결정적 과정을 중시한 일반균형적 /부문적 접근방법 (general equilibrium/sectoral approaches)을 취함으로써 지금까지 단순한 거시경제모형(aggregate macroeconomic models)이나 전통적 산업연관모형 (static input-output models)에만 의존해 오던 경제예측이나 경제 및 에너지관련 정책의 효과분석이 한층 더 강화될 수 있을 것으로 기대된다.

• Bulletin of the Korean Mathematical Society
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• v.54 no.2
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• pp.655-666
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• 2017

In this paper, we study the pattern formation to a general Degn-Harrison reaction model. We show Turing instability happens by analyzing the stability of the unique positive equilibrium with respect to the PDE model and the corresponding ODE model, which indicate the existence of the non-constant steady state solutions. We also show the existence periodic solutions of the PDE model and the ODE model by using Hopf bifurcation theory. Numerical simulations are presented to verify and illustrate the theoretical results.

• Wind and Structures
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• v.24 no.5
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• pp.465-480
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• 2017

Modelling an equilibrium atmospheric boundary layer (ABL) in computational wind engineering (CWE) and relevant areas requires the boundary conditions, the turbulence model and associated constants to be consistent with each other. Among them, the inflow boundary conditions play an important role and determine whether the equations of the turbulence model are satisfied in the whole domain. In this paper, the idea of modeling an equilibrium ABL through specifying proper inflow boundary conditions is extended to the SST $k-{\omega}$ model, which is regarded as a better RANS model for simulating the blunt body flow than the standard $k-{\varepsilon}$ model. Two new sets of inflow boundary conditions corresponding to different descriptions of the inflow velocity profiles, the logarithmic law and the power law respectively, are then theoretically proposed and numerically verified. A method of determining the undetermined constants and a set of parameter system are then given, which are suitable for the standard wind terrains defined in the wind load code. Finally, the full inflow boundary condition equations considering the scale effect are presented for the purpose of general use.

• Journal of the Korean Operations Research and Management Science Society
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• v.7 no.1
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• pp.31-43
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• 1982

A general equilibrium growth model is constructed to analyse the income distributional impacts of the 1973 world oil crisis upon the Korean economy. Our results show that all consumer groups experienced a virtually uniform percentage reduction in their income levels. This implies that a lower income groups may be more damaged in a relative sense. In any rate, there were no domestic groups who benefit from the international oil crisis. This model could be used to figure out which social group will be most vulnerable against the next possible oil crisis we may expect in the future. Our result nay provide us a guideline for a compensating program to protect such groups against an external shock.

• International Commerce and Information Review
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• v.9 no.1
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• pp.313-331
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• 2007

In a rapidly changing environment of international trade, the purpose of this study is to examine economic benefits and losses of each country involved in the negotiation on the Free Trade Agreement (FTA) in Northeast Asia and to prepare strategies for the negotiation in the FTA between Korea and China. Previous researches on FTA have been made mainly from the macroeconomic perspective. The approach in this study is a combination of regulatory, reviewing regulations, and economic making quantitative analysis of the economic effects of FTA, which are the basic background of FTA. In economic analysis, I estimated the macroscopic economic effects of FTA by examining the effects of FTA on the trade balance, GDP and production of focal countries through the Computable General Equilibrium(CGE) model using GTAP data set.

• Korean System Dynamics Review
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• v.10 no.1
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• pp.5-32
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• 2009

This paper revisited the key advances on System Dynamics modeling about traditional macro-economic models and economic growth structures, and then tries to elaborate a new model based on the endogenous growth theory that incorporates new growth factors, relevant to knowledge/technology as well as the Environment, into traditional growth models. Accordingly, the new model augments the acceleration and multiplier loops and the balancing ones representing market clearing mechanism with a simple numerical example. The authors thus provides macroeconomic System Dynamics analysts with a milestone to model macro-economic structures reflecting on traditional and cutting-edge theories on sustainable economic growth and general equilibrium modeling.