Using longitudinal time-series data, this paper analyzes the causes of the recent sharp increase in household expenditure on telecommunications in South Korea with a linear approximate almost ideal demand system (LA/AIDS) model. The main results are as follows. First, Korean household demand for...

This study presents a case application of a socio-technical framework to assess and predict the development of the Internet of Things (IoT) in Korea. Applying a socio-technical system approach to the IoT, this paper seeks a clear understanding of how the IoT will evolve and stabilize in a smart...