• Title/Summary/Keyword: threshold-asymmetry

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Causality and Asymmetric Price Transmission in the Distribution Channel of the Tomato Market in Korea (토마토의 유통단계 간 인과성 및 비대칭적 가격 조정 연구)

  • Kim, Gi-Hwan;Kang, Chang-Soo
    • Korean Journal of Organic Agriculture
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    • v.26 no.4
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    • pp.571-583
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    • 2018
  • The purpose of this study is to explore the dynamic properties of causality and asymmetric price transmission in the distributional channel of the tomato market in Korea. Using the wholesale and retail price series of the tomato market, we obtain the following results. First, the price transmission mechanism reveals the causal relationship channeling from the wholesale price to the retail price. Second, we find an asymmetric price transmission from the analysis using the threshold partial adjustment model. The retail price responds strongly when the wholesale price increases. On the other hand, the retail price shows sluggish adjustment when the wholesale price decreases.

Hearing Asymmetry among Occupationally Noise-exposed Workers (직업적으로 소음에 노출되는 근로자들에서 청력의 비대칭성)

  • Kim, Wook-Tae;Kim, Dae-Hwan;Lee, Chae-Kwan;Ahn, Jin-Hong;Lee, Chang-Hee;Kim, Hwi-Dong;Kim, Jeong-Ho;Son, Byung-Chul;Lee, Jong-Tae
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.17 no.2
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    • pp.153-159
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    • 2007
  • Usually equal noise exposure is considered to cause symmetrical hearing loss, but some screening audiometries of employees who were exposed to noise showed asymmetry. Therefore, this study was carried out to evaluate the distribution of asymmetrical hearing loss and the difference of air conduction level between left and right ear at the different frequencies (500, 1,000, 2,000, 3,000, 4,000, 6,000 Hz). Study subjects were 326 male employees who had participated in the noise-specific health examination from May to October, 2002. They were evaluated by otoscopic examination, pure tone audiometry and tympanometry. In all frequencies, hearing threshold level of left ear was worse than right ear. The mean interaural threshold differences between two ears were 0.83 dB at 500 Hz, 1.18 dB at 2,000 Hz, 2.29 dB at 3,000 Hz, 2.18 dB at 4,000 Hz, and statistically significant (p<0.05). The hearing loss of left ear was greater than right ear in occupationally noise-exposed workers. It is believed that left ear was more susceptible to noise damage than right ear

Asymmetry of the 1.54${\mu}m$ forward and backward raman gain in methane (라만매질 $CH_4$의 전후방 1.54${\mu}m$ 유도라만 산란광의 비대칭적 발생)

  • 최영수;고해석;강응철
    • Korean Journal of Optics and Photonics
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    • v.10 no.2
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    • pp.89-94
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    • 1999
  • The 1.54 ${\mu}{\textrm}{m}$ forward and backward stimulated Raman scattering (SRS) have been studied in CH$_4$pumped by 1.06 ${\mu}{\textrm}{m}$ Nd:YAG laser. The forward and backward SRS output energy in a single pass were measured at dufferent CH$_4$pressures. Under steady state conditions, the pump input threshold energies and Raman gains in forward and backward directions were for Raman conversion at various CH$_4$pressures for a tight focusing geometry. The forward and backward slope efficiency for Raman conversion were 18% and 34% respectively. The pump input threshold energy of the backward SRS was lower than that of the forward. In backward SRS, the experimental input laser threshold and Raman gain values were in good agreement with the calculated values at different pressures of CH$_4$. The retio of the backward to the forward SRS gain was appoximately 1.4 times above 1200 psi. We obtained that the backward Raman gain coefficient was 0.32 cm/GW, and the forward Raman gain coefficient 0.23cm/GW at 1400 psi. Asymmetry of the forward and backward Raman gain is caused by the interaction between different pump intensities of each direction duting the amplification of the Stokers. The backward Raman gain is proportional to the average pump intensity. However, the forward SRS output grows by depleting the local pump intensity.

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TAR and M-TAR Error Correction Models for Asymmetric Gasoline Price in Korea (TAR와 M-TAR 오차수정모형을 이용한 국내 휘발유가격의 비대칭성 분석)

  • Lee, Yang Seob
    • Environmental and Resource Economics Review
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    • v.17 no.4
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    • pp.813-843
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    • 2008
  • This paper investigates the presence of long-run and short-run price asymmetries in weekly gasoline prices from January 1997 to July 2008. In accordance with distribution channels, wholesale and retail stages are analyzed separately. An approach based on TAR and M-TAR cointegration tests, which entail matching asymmetric ECMs, is employed. For wholesale prices, asymmetries in the links with crude oil prices and exchange rates are found for both ECMs in the long-run and short-run. Exchange rates appear to play more significant role than crude oil prices in explaining the short-run price asymmetry. The rise in crude oil prices or exchange rates has statistically significant major impact on the increase of wholesale prices on the second week, not immediately as expected in the concept of 'rockets and feathers'. And asymmetrically, the fall does not have any statistically significant effect on the same period. The finding seems to be somewhat unusual. However, for retail prices, asymmetry m connection with wholesale prices is only revealed in the long-run. A symmetric price adjustment can be assumed in the short-run. Contrary to the long-run asymmetry found in the wholesale stage, in the retail stage, the speed of adjustment for negative deviations toward long-run equilibrium is faster than for positive ones, which is a phenomenon not favorable to consumers.

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The Introduction of KOSPI 200 Stock Price Index Futures and the Asymmetric Volatility in the Stock Market (KOSPI 200 주가지수선물 도입과 주식시장의 비대칭적 변동성)

  • Byun, Jong-Cook;Jo, Jung-Il
    • The Korean Journal of Financial Management
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    • v.20 no.1
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    • pp.191-212
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    • 2003
  • Recently, there is a growing body of literature that suggests that information inefficiency is one of the causes of the asymmetric volatility. If this explanation for the asymmetric volatility is appropriate, then innovations, such as the introduction of futures, may be expected to impact the asymmetric volatility of stock market. As transaction costs and margin requirements in the futures market are lower than those in the spot market, new information is transmitted to futures prices more quickly and affects spot prices through arbitrage trading with spots. Also, the merit of the futures market may attract noise traders away from the spot market to the futures market. This study examines the impact of futures on the asymmetry of stock market volatility. If the asymmetric volatility is significant lower post-futures and exist in the futures market, it has validity that the asymmetric volatility is caused by information inefficiency in the spot market. The data examined are daily logarithmic returns on KOSPI 200 stock price index from January 4, 1993 to December 26, 2000. To examine the existence of the asymmetric volatility in the futures market, logarithmic returns on KOSPI 200 futures are used from May 4, 1996 to December 26, 2000. We used a conditional mode of TGARCH(threshold GARCH) of Glosten, Jagannathan and Runkel(1993). Pre-futures the spot market exhibits significant asymmetric responses of volatility to news and post-futures asymmetries are significantly lower, irrespective of bear market and bull market. The results suggest that the introduction of stock index futures has an effect on the asymmetric volatility of the spot market and are inconsistent with leverage being the sole explanation of asymmetry. However, it is found that the volatility of futures is not so asymmetric as expected.

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CO2 Laser Scribing Process of Soda Lime Glass (소다석회유리의 CO2 레이저 스크라이빙 가공)

  • Kang, Seung-Gu;Shin, Joong-Han
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.18 no.5
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    • pp.74-81
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    • 2019
  • This study reports the CW $CO_2$ laser scribing of soda lime glass. In this study, scribing experiments are carried out at different laser powers, scan speeds, and focal positions to investigate the effect of the process parameters on the interaction characteristics between a laser beam and glass. In particular, the interaction characteristics are analyzed and described with the input laser energy per unit length. According to the experimental results, the damage threshold for the glass surface was found to exist between 0.072 and 0.08 J/mm. The input laser energy in this region induced partial melting of the surface and grain-shaped cracks. These cracks tended to increase as the input laser energy increased. At the laser input energy larger than 1 J/mm, a huge crack propagating along the scan direction was produced, and the volume below the scribed area was fully melted. The growth of this crack finally resulted in the complete cutting of the glass at the input laser energy above 8 J/mm. It was found that both the width and depth of the scribed line increased with increasing input laser energy. For the beam focusing at the rear surface, the width of the scribed line varied irregularly. This could be ascribed to the increased asymmetry of the beam intensity distribution when the laser beam was focused at the rear surface. Under this condition, a large burr was only produced on one side of the scribed line.

CLINICAL STUDY OF SENSORY ALTERATIONS AFTER SAGITTAL SPLIT RAMUS OSTEOTOMY (하악지 시상분할 절단술 후 감각 변화에 관한 연구)

  • Choi, Jun-Young;Yoo, Jun-Yeol;Yoon, Bo-Keun;Leem, Dae-Ho;Shin, Hyo-Keun;Ko, Seung-O
    • Maxillofacial Plastic and Reconstructive Surgery
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    • v.32 no.2
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    • pp.141-148
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    • 2010
  • The bilateral sagittal split ramus osteotomy (BSSRO) is preferred method of surgical correction for mandibular prognathism, retrognathism and asymmetry. This technique performed from primarily an intraoral incision to avoid a scar. After forward movement of the distal segment of the mandible, healing of bone by primary or secondary intention is easily accomplished through large areas of cancellous bony overlap. When rigid fixation is used for the BSSRO, it is possible to open the mouth during the immediate post-operative period because it promotes the healing process. Although this surgical procedure has been well-documented, the incidence of postoperative trigeminal neurosensory disorder in the region of the inferior alveolar nerve and the mental nerve remains one of the major complication. However, evaluation of objective methods for sensory recovery patterns is insufficient although most patients find their sensory return. Neurometer electrodiagnostic device performs automated neuroselective sensory nerve conduction threshold evaluation by determining current perception threshold (CPT) measures. The purpose of this study was to evaluate the sensory recovery patterns of inferior alveolar and mental nerve over time. Nerve examination with a neurometer was performed in 30 patients undergoing the BSSRO at pre-operative, post-operative 1-, 2-, 4- week, and 2-, 3-, 4-, 5-, 6- month follow-up visits after the osteotomy to compare the differences of nerve injury and recovery patterns after the BSSRO with or without genioplasty and sensory recovery patterns associated with the kind of nerve fiber.

Usefulness and Limitations of Extreme Value Theory VAR model : The Korean Stock Market (극한치이론을 이용한 VAR 추정치의 유용성과 한계 - 우리나라 주식시장을 중심으로 -)

  • Kim, Kyu-Hyong;Lee, Joon-Haeng
    • The Korean Journal of Financial Management
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    • v.22 no.1
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    • pp.119-146
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    • 2005
  • This study applies extreme value theory to get extreme value-VAR for Korean Stock market and showed the usefulness of the approach. Block maxima model and POT model were used as extreme value models and tested which model was more appropriate through back testing. It was shown that the block maxima model was unstable as the variation of the estimate was very large depending on the confidence level and the magnitude of the estimates depended largely on the block size. This shows that block maxima model was not appropriate for Korean Stock market. On the other hand POT model was relatively stable even though extreme value VAR depended on the selection of the critical value. Back test also showed VAR showed a better result than delta VAR above 97.5% confidence level. POT model performs better the higher the confidence level, which suggests that POT model is useful as a risk management tool especially for VAR estimates with a confidence level higher than 99%. This study picks up the right tail and left tail of the return distribution and estimates the EVT-VAR for each, which reflects the asymmetry of the return distribution of the Korean Stock market.

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Signaling Effects of Government Support on Investment Attraction of Technology-based Start-ups: An Empirical Study of a Hurdle Model (기술창업기업의 투자유치에 대한 정부지원의 신호효과: 허들모형을 이용한 실증연구)

  • Bong, Kang Ho;Kwon, Jihun;Kim, Kyu-Tae
    • Korean small business review
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    • v.42 no.4
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    • pp.309-326
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    • 2020
  • There often is information asymmetry between start-ups and the investors, which is because start-up companies in the early stages do not have track records. Meanwhile, since the government grants programs go through a fair and the intense competition process, the government grants can provide a more objective information for start-ups in the early stages and perform a signal function that guarantees a company's capabilities and potential. This study confirms the quantitative relationship between government grants and investment attraction by using the hurdler model. We found that, although there is the proportionate relationship between the scale of government grants and that of external funds, more than a certain amount of government grants is required for technology-based start-ups to exceed the stage of attracting their first external funds. Our findings suggest that it is necessary to consider the hurdles structure in the study of signaling theory perspective, as the mechanisms for determining whether or not to attract external funds are different from determining the level of external funds. In addition, differentiated policy support is needed to help early-stage technology start-ups go beyond the threshold of investment attraction-the creation of a 'threshold effect'.

A study of Recess Channel Array Transistor with asymmetry channel for high performance and low voltage Mobile 90nm DRAMs (고성능 저전압 모바일향 90nm DRAM을 위한 비대칭 채널구조를 갖는 Recess Channel Array Transistor의 제작 및 특성)

  • Kim, S.B.;Lee, J.W.;Park, Y.K.;Shin, S.H.;Lee, E.C.;Lee, D.J.;Bae, D.I.;Lee, S.H.;Roh, B.H.;Chung, T.Y.;Kim, G.H.
    • Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
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    • 2004.11a
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    • pp.163-166
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    • 2004
  • 모바일향 90nm DRAM을 개발하기 위하여 비대칭 채널 구조를 갖는 Recess Channel Array Transistor (RCAT)로 cell transistor를 구현하였다. DRAM cell transistor에서 junction leakage current 증가는 DRAM retention time 열화에 심각한 영향을 미치는 요인으로 알려져 있으며, DRAM의 minimum feature size가 점점 감소함에 따라 short channel effect의 영향으로 junction leakage current는 더욱 더 증가하게 된다. 본 실험에서는 short channel effect의 영향에 의한 junction leakage current를 감소시키기 위하여 Recess Channel Array Transistor를 도입하였고, cell transistor의 채널 영역을 비대칭으로 형성하여 data retention time을 증가시켰다. 비대칭 채널 구조을 이용하여 Recess Channel Array Transistor를 구현한 결과, sub-threshold 특성과 문턱전압, Body effect, 그리고, GIDL 특성에는 큰 유의차가 보이지 않았고, I-V특성인 드레인 포화전류(IDS)는 대칭 채널 구조인 transistor 대비 24.8% 정도 증가하였다. 그리고, data retention time은 2배 정도 증가하였다. 본 실험에서 얻은 결과는 향후 저전압 DRAM 개발과 응용에 상당한 기여를 할 것으로 기대된다.

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