• Environmental and Resource Economics Review
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• v.28 no.1
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• pp.39-59
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• 2019

The Korean Demilitarized Zone (DMZ) has the great ecosystem as all the artificial activities in DMZ have been prohibited over half a century. The ecosystem should be conserved even after the reunification of Korea and hence the conservation plan should be established not after the reunification but before it. It requires a considerable budget to conserve DMZ, considering management of ecology resource, recovery, and research. The objective of this paper is to analyze a fund-raising measure for DMZ conservation, using economic incentives mechanism when multiple developers participate in the auction to get the right to develop North Korean regions, have private information about their sunk costs and pay a part of their profits for the fund. First, we analyze the real option model to decide the optimal investment time. Second, we construct the auction for bidders not to misrepresent their private information, based on Bayesian Nash equilibrium.

• Journal of Wetlands Research
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• v.10 no.1
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• pp.39-47
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• 2008

An eco-washland is increasingly getting attentions as a new alternative plan for management of water resources because of role as flooding control and ecological park without social and ecological side effects. However, there is a lack of study regarding technological development and ecological guidelines to create eco-washland. This study was carried out to suggest ecological guidelines necessary for engineering process to create eco-washland. A study site was the lower reach of Seokjang stream connecting to Yimjin river, a candidate of new eco-washland, and Kumsa area in Namhan river was selected as a reference site. The analysis of ecological characteristics focused on vegetation, fishes, and birds. Major vegetation communities, composed of dominant species such as Salix koreensis, Salix gracylistyla, Miscanthus sacchariflorus, Phragmites communis, etc., formed physical conditions along with other land uses including open water, sandbar, cultivated land, etc. Dominant species of fishes were some species belonging to Cyprinidae and Acheilognathinae, and in case of birds Anser albifrons, Anas platyrhychos, Anas poecilorhyncha belonging to waterbirds and Paradoxornis webbinanus dependent to forest edge were dominantly distributed. The results showed that complex wetland types associated with partially deep water and upland was the optimal eco-hydrological condition of washland. Cyprinidae and Acheilognathinae in case of fish and Egretta spp. (spring season) and Anas spp. (winter season) in case of bird were selected as target species for the these wetland types. Finally, a detail planning criteria to create habitats of these target species were discussed in terms of spawning, breeding, feeding, resting, refuge, nesting, etc.