We employ a multinomial probit model to understand the housing choice of Koreans, more specifically to understand the decision factors that affect Koreans’ housing decisions. The data used are from surveys conducted in July, 2006, and we use the Gibbs sampling technique in analyzing them....

In order to advance incumbent businesses’ interests by weakening the competition in the convenience store market, Seocho county in Korea legislated a regulation impeding the opening of new convenience stores. The regulation intensified proximity restrictions between stores. Our finding shows,...