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_SLIDE_1_
Analysis on Ramen Cartel
_SLIDE_2_
Introduction
_SLIDE_3_
Fair Trade Commission
Central government agencies
To resolve issues
related to monopoly and unfair trade
APPLIED ECONOMICS SEMINAR, FALL 2013
3
_SLIDE_4_
Fair trade act
Monopoly Regulationand Fair Trade Act
Prevent monopoly of the market
Established free competition
Consumer protection and development of domestic economy
APPLIED ECONOMICS SEMINAR, FALL 2013
4
_SLIDE_5_
Characteristics of domestic Ramen market
APPLIED ECONOMICS SEMINAR, FALL 2013
5
Domestic 라면 sales
1997
1998
1999
2000
2001
2002
2003
sales(억)
37.8
35.8
37.8
36.4
37.3
38.3
38.3
growth rate(%)
-5
-5.3
5.5
-3.8
2.5
2.8
-0.1
index
2004
2005
2006
2007
2008
2009
2xxx
sales(억)
40.6
37.2
35.9
34.4
35.6
36.8
37.2
growth rate(%)
6
-8.3
-3.5
-4
3.2
3.4
1.2
Domestic 라면 revenue in industry
index
1997
1998
1999
2000
2001
2002
2003
revenue(억)
9,411
10,943
11,5…(생략)
|
price
480
480
480
480
2
2002.10~2003.01
Date(Price ▲)
2002.10.25
2002.11.01
2003.01.02
2002.12.01
price
520
520
520
520
3
2003.12~2004.04
Date(Price ▲)
2003.12.22
2004.02.21
2004.04.01
2004.02.01
price
550
550
550
550
4
2004.12~2005.04
Date(Price ▲)
2004.12.24
2005.03.21
2005.04.16
2005.02.15
price
600
600
600
600
5
2007.03~2007.09
Date(Price ▲)
2007.03.01
2007.04.16
2007.09.01
2007.04.01
price
650
650
650
650
6
2008.02~2008.04
Date(Price ▲)
2008.02.20
2008.03.01
2008.04.01
2008.04.01
price
750
750
750
750
_SLIDE_9_
Cartel
_SLIDE_10_
Asymmetric Information
A situation in which one party in a transaction has more or superior information compared to another.
adverse selection - opportunism characterized by an informed person’s benefiting from trading or otherwise contracting with a less-informed person who does not know about an unobserved characteristic of the informed person
moral hazard - opportunism characteri
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