This paper develops a theoretical model for optimal choice of landlords on rental contract type. The developed theoretical model shows that landlords with strong risk aversion may prefer a lower deposit with a higher monthly rent whereas those with weak risk aversion prefer a higher deposit with a lower monthly rent. Also, sales market condition affects their choice on rental contract type. When expecting a higher price appreciation, landlords prefer Chonsei. Also, in the case of a higher price volatility, they prefer a lower deposit with a higher monthly rent. The empirical estimation results strongly support the theoretical arguments. Specifically, young landlords or the renters owning other rental houses prefer Chonsei, while old landloards or the homeowners renting some parts of their house prefer a higher monthly rent with a lower deposit. Interestingly, in the time period of high price appreciation and low price volatility, landlords choose Chonsei or a lower monthly rent with a higher deposit.
In order to accomplish the effective and efficient international development cooperation, it is essential to figure out differences in the preference of a Donor and Recipient Group. In 2009 Korea has become the 24th member of the Development Assistance Committee in the OECD. It is expected that vigorous International Development Cooperation occur in various sectors including urban and Social Infra developments. In this study, conjoint analysis is conducted to deduct the critical attributes of international urban development. This study compares the differences of the preference between the parties in development cooperation. The result of conjoint analysis shows that the cost reduction and the trade-off are considered more significantly for both the donor and the recipient group. However, there are the differences of the preference in the method of payment for development assistance in the case of a return sesrvice is required. While the recipient group has higher preference for monetary payment for urban development services, the donor group has higher preference for guarantee the right to participate to related development project. Thus, it is inferred to be the development of financial method for distribution of benefits and losses of development cooperation would be the important task for the recipient and the donor group.
The purpose of this paper is to identify a locational pattern of occupational choices of college graduates using a rare event logit model with Graduates Occupational Mobility Survey of Korea. The analysis showed that Seoul Metropolitan Area (SMA) has a pulling effect on the college graduates of the Non Seoul Metropolitan Area (NSMA) instead of pushing the regional graduates over the nations as a role of incubator of human capital. Although the educational supply of university simply increases in the SMA, it is difficult to distribute human capital over the NSMA on the current situation of the labor market. However, if the NSMA succeeds in generating high-income jobs of the large enterprises, there would be a meaningful out-migration of the graduates of the SMA to the other region. In addition, the job security of companies in the NSMA and their linkages to universities are recognized as key factors to attract them into the NSMA companies.
This article examines the case of utilizing asset mapping in the process of community development. Community is defined based on spatial relationship as well as social relationship, i.e. locality. Thus, community involvement is critial in the process of community development. Asset mapping, a method of assessing community asset, contributes to figure out community asset from the perspective of local residents, and encourages community participation. This article examines the case of community asset mapping based on PPGIS (Public Participatory Geogrphic Information Systems) technology in the test-bed area of urban regeneration project in Jeonju. The strength and weakness of the case are analyzed in terms of geographical boundary, participants, assessment tool, participation method, and communication. Through the analysis of the case, this article tests the applicability of asset mapping in community development in Korea.
Various types of urban models have been developed and used to support planning decision making since the 1960’s. In general, urban models have evolved from early static and aggregate models to recent dynamic and disaggregate ones. Particularly, agent based modelling approach is gaining popularity as a new way to study urban systems from such dynamic and disaggregate perspectives. The purpose of this study is to provide a framework to understand the characteristics of agent based urban models and their uses. To do so, this research starts with reviewing overall trends of urban modelling and explains the notions of agent based models. Then it analyses the cases of agent based urban models in the light of ontological and methodological view points. Based on such classifications, it examines the methodological characteristics of individual agent based modelling research. In the concluding section, the research discusses the strength and limitation of this new modelling approach for the study of urban systems and planning policy support.
The purpose of this study is to evaluate the application of Project Management for conservation projects in historic cultural environment, especially on Hwasung in Suwon. Using contents analysis method, the evaluation results are as follows; First, it shows that Project Management had been applied in 18th century. Secondly, the application ratio is relatively low on current conservation projects. Through the findings from this analysis, the suggestions are as follows; First, the Cultual Properties Protection Law need to have compulsion on applying Project Management. Secondly, current organization need to be restructured as project-based organization. Thirdly, it needs a new perspective on conservation project. Year-based projects can be managed by Project Management and long term planned conservation can be managed by Program Management.
The purpose of this study is to estimate the time-periodic constant-quality capitalization rates in the office building market. This study collects 396 cases of office building transaction in Seoul from the fourth quarter of 1999 to the fourth quarter of 2011, and then estimates the constant-quality capitalization rates using the hedonic price index model by quarter, half-year, and year. And it compares the constant-quality capitalization rates with the simple-mean capitalization rates. This study finds that the sum of estimation errors of the constant-quality capitalization rates estimated quarterly or semiannually is smaller than that of simple mean approach. This result shows that the quarter or semiannual simple-mean capitalization rates are less accurate than the quarter or semiannual constant-quality capitalization rates because of the sample-selection errors. However, in the annual model there is no distinct difference of the sum of the estimation errors between the hedonic price index model and the simple mean approach. In addition, this study finds that the sum of the estimation errors of the annual capitalization rates by the stratified mean approach, which divides Seoul area into two regions(Gangnam/ Yeouido region and CBD/ other region) and aggregates the simple-mean capitalization rates of the two regions, is smaller than that of the annual simple-mean capitalization rates.