The purpose of this paper is to measure the environmental costs of overhead power transmission lines (PTLs) in Korea by using a choice experiment (CE) approach. To this end, a mixed logit model is employed to explicitly incorporate preference heterogeneity and avoid the assumption of...

With the explosive growth of the internet and the change in consumer demand, post-PC is emerging as a substitute for the existing desktop PC and laptop PC. post-PC is a new computer which is portable with wireless networking, cheaper than the existing PC and specializing in the specific...

As an alternative to the classical approach for analysing dichotomous choice environmental valuation data, this note develops a Bayesian approach by using the idea of Gibbs sampling and data augmentation. A by-product from the approach is a welfare measure, such as the mean willingness to pay,...

Approximating the distribution of mobile communications expenditures (MCE) is complicated by zero observations in the sample. To deal with the zero observations by allowing a point mass at zero, a mixture model of MCE distributions is proposed and applied. The MCE distribution is specified as a...

Ocean energy is a type of renewable energies and is considered as having a potential power of providing a substantial amount of energy. Although some forms of ocean energy are developed, there is a need for further technological advances to better utilize ocean energy. Government should take...

Urban forests have various environmental benefits that contribute to the quality of urban life. These values, however, have been underestimated or have never been reflected in urban development planning in Korea. As a result, a number of forests in urban areas were either partly or wholly...

Controlling ozone pollution has become an increasingly important policy issue in developing countries such as Korea, as well as in developed countries. One response to this concern is to assess the benefits that would ensue from a proposed ozone pollution control policy. This paper applies a...

This study attemps to investiagte the causal relationship between oil consumption and economic growth in Malaysia where oil consumption and real gross domestic product have been rapidly increased in recent years. To this end, the study employs annual data covering the period 1965–2011. Tests...

Electricity has played an important role in the economic development of Korea and, thus, has become a critical factor in sustaining the well-being of the Korean people. This study attempts to investigate the impact of electricity price changes on industrial prices and the general price level...