The Journal of Market Economy is the official publication of Nam Duck Woo Economic Research Institute of Sogang University. The Journal of Market Economy is listed in the Korea Citation Index (KCI), and aims to publish a wide range of papers devoted to improving the market economy through the formulation of economic theories, policies, and effective economic education. The Journal intends to serve as the primary outlet for both theoretical and empirical research in all areas of micro, macro, and international economics, especially related to issues in a market economy including market efficiency and market failure. In addition, the Journal also publishes policy papers focusing on the development of Korean market economy.