Korea and the United States. Our main results are that the security of property varies with experimental institutions, and …

The paper introduces a welfarist approach to the national safety of a nation with membership in a defense alliance as … insurance devices, the domestic military budget and the incremental safety provided by the membership in the alliance. The … commitment of the alliance in the creation of safety is, however, imperfect. A sufficient condition is stated for the non …

delay and connecting layover time. While an alliance raises service quality when layover time has zero cost, the reverse … preferences in business and leisure markets, while an alliance is less responsive to such preference differences. With hub … positive alliance effect in the low-cost layover case. …

We investigate the macroeconomic effects of government spending shocks in Korea. We compare results obtained with two …

The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a …

In the mid 19th century, pre-colonial Korea under the Joseon dynasty was increasingly isolated and lagging behind in … its economic development. Joseon Korea was forced to sign unequal treaties with foreign powers as a result of which …

We exploit two unusual policy features of academic high schools in Seoul, South Korea - random assignment of pupils to …