The Korean electricity industry saw significant changes following the reform in April 2001. Until the last decade, the industry was monopolized by the Korea Electric Power Corporation (KEPCO), a state-owned, vertically integrated company. The 2001 reform divided KEPCO's power generation division...

This paper investigates interindustry knowledge spillovers using input-output (IO) data and patent information, since spillovers can arise from different types of sources and linkages. Economic transactions of intermediate goods are used to track embodied knowledge flows with the data derived...

The government-driven knowledge network of the hydrogen energy sector in Korea provides a good case study for an R&D network incorporating necessary building blocks; it can be regarded as a precursor to an emerging sector even before business relationships form, especially one which involves...

Today, despite the needs of more credible valuation models in defense research and development (R&D), defense decision makers mainly focus on previous cost and NPV-based approaches to evaluate them. Defense R&D projects should be considered as a sequential compound real option due to its...

We propose a competitiveness index for the electricity industry based on efficiency, stability, and growth factors identified from previous studies subject to data accessibility. These are then weighted appropriately through the application of the analytical hierarchy process. This index is an...

This empirical study examines productivity changes in Japan and South Korea during 1973–2006 and 1980–2009, respectively, in order to assess how investment in information and communications technology (ICT) affects energy demand. A dynamic factor demand model is applied to link...

Shadow price is one of the most important pieces of information in environmental decision making. Two different approaches—namely, economic and engineering—have been applied to obtain the shadow price of undesirable outputs, while using different methodological backgrounds and perspectives....

E-mail is an efficient communication tool, but at the same time it is an efficient vehicle for Internet pollution in the form of spam—unsolicited, bulk e-mailings. Spam is a global phenomenon, and debate about possible means of controlling it is lively. Spammers impose a negative externality...

Amidst the overall trend of convergence in information technology, device convergence is noteworthy. This study looks at the possible direction of device convergence based on consumer preferences for the main attributes of the mobile terminal of the future. Conjoint analysis and a mixed logit...

The technology-based start-ups have emerged as important drivers of innovative activity across many industries. For these start-ups, the initial public offering (IPO) has been used as a measure for performance and leads to an influx of capital that enables these firms to implement their ideas....