경주마 특성이 낙찰 확률과 경락가격에 미치는 영향 = Determinants of Sale Success Probability and Sale Price in Korean Thoroughbred Auctions

다국어 초록 (Multilingual Abstract)

This study estimates the impacts of thoroughbred characteristics on the probability of sale (i.e., success in finding sale price) as well as on hammer price (i.e., auction sale price). Concerning the possible correlation between sale success probability and sale price level, we attempted to estimate a Heckman type sample selection model. Because it turned out that the correlation was not significant, we estimated the mechanism of auction success and that of price determination separately as well. Most of the characteristics including age, color, sex and pedigree were found to be significantly affecting both the probability of sale and the sale price level. Besides, whether a horse was listed by Korea Racing Authority (KRA) was the most influential factor of sale success probability. This finding implies that the general non-KRA breeders have to make a strategic decision making when they choose auction markets to participate in.

목차 (Table of Contents)

• Ⅰ. 서 론 Ⅱ. 국내 경주마 경매 현황 Ⅲ. 분석모형 및 자료 Ⅳ. 분석결과 Ⅴ. 결 론 참고문헌

참고문헌 (Reference)

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2 최태길, "재활승마에 대한 잠재수요 추정" 한국농식품정책학회 37 (37): 663-677, 2010

3 권오상, "역특성가격함수를 이용한 승마장의 특성별 가치 추정" 한국농촌경제연구원 33 (33): 17-34, 2010

4 김현중, "승마 서비스 속성에 대한 소비자 선호 분석" 한국농촌경제연구원 40 (40): 75-97, 2017

5 유웅, "생산함수 추정을 통한 국내 승마장의 생산 구조 및 생산 효율성에 관한 연구" 한국문화경제학회 18 (18): 73-98, 2015

6 김재경, "산업연관분석을 활용한 말(馬)산업의 경제적 파급효과분석" 한국농업경제학회 52 (52): 49-78, 2011

7 유웅, "말 산업의 경제적 파급 효과에 대한 산업연관분석" 한국농촌경제연구원 39 (39): 57-88, 2016

8 김한호, "국내 승마활동 잠재 시장규모 추정" 한국농업경제학회 49 (49): 1-22, 2008

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