The main purpose of the study is to develop a methodology that divides consumers’ responses to free trade agreements (FTAs) or commodity taxes into quantitative and qualitative margins, which cause exogenous price changes for certain specific goods. Unlike the usual method of using unit values...

There is an ongoing debate on whether cultural goods like movies and music albums should be protected from foreign competitors. An implicit assumption under the argument for protection is that consumers easily substitute cultural elements for other product characteristics. In this paper we...

Young people with little "social or health capital" may be more likely to take up hazardous consumption and shun investments in human capital, raising their likelihood of a "rags to rags" sequence. First, diminishing marginal utility could raise the marginal benefit of hazardous consumption and...

우리나라는 우루과이라운드 이행을 계기로 수입관세를 대폭 인하하는 등 지속적인 무역자유화를 추구해왔다. 특히 2000년대 초부터는 높은 수준의 포괄적인 동시다발적 FTA를 추진하여 적극적인 무역자유화 조치를...