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Trh hráčů americké Národní fotbalové ligy: Jsou hráčům stále vypláceny mzdy odpovídající tržní situaci monopsonu?
Miškovský, Karel ; Hudík, Marek (advisor) ; Koubek, Ivo (referee)
The main goal of this thesis is to find out whether National football league players are, even 15 years after the birth of unrestricted free agency, still paid monopsonistic salaries or whether competition among NFL teams eliminated them. After a theoretical discussion, which will help to form expectations about the player market, models in line with the standard theory of labor compensation and with Becker's human capital theory are estimated. The part of the research following the standard theory focuses mainly on estimations of players' marginal revenue product and subsequently on comparison of their wages with their MRP. To do so, OLS regressions, as well as quantile regressions, are run. The part of the research following the human capital theory has a supporting role and is used to further confirm the previous findings. It is represented by OLS player salary estimation. The hypothesis that players under a full control of their teams are still paid salaries below their MRP cannot be rejected, thus confirming a presence of monopsonistic salaries. A significant effect of free agency status on player salaries is also found. Exclusive rights players are paid significantly lower salaries than all free agents, while restricted free agents are paid significantly lower salaries than unrestricted free agents. Superstar players are found to have salaries in excess of their MRP regardless of their free agency status.
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Economics of Discount Portals
Boušková, Veronika ; Hudík, Marek (advisor) ; Tříska, Dušan (referee)
This thesis examines the effect of various factors on the sale of vouchers of group buying deals. The data for the analysis were collected from the website Slevomat for four weeks. The observation was performed daily at 8 a.m., 4 p.m., 12 a.m. Based on the existing literature and theoretical considerations, six hypotheses were formulated, three of which turned out to be consistent with the data. It was confirmed, that the decrease in time remaining till the end of the offer induces bigger amount of vouchers sold per time period. Positive reviews and the fact that the offer is displayed on the main page of Slevomat also positively influence the number of sold vouchers. The influence of the amount of earlier sold vouchers on the present purchases ("bandwagon effect") and of the size of the relative or absolute discount was not found. The "Monday effect", according to which sales should be lower at the beginning of the week, was also disproved.
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Is Tomáš Sedláček right? Is consumption a drug?
Sedlák, Jiří ; Bartoň, Petr (advisor) ; Hudík, Marek (referee)
Main goal of the thesis is to either confirm or deny a statement that consumption has become a drug for human kind. The term of consumption is defined at the beginning along with main aspects that influence it. Consequently, I try to explain what excessive consumption is and why it should come up. The thesis is also aimed at investigation of addiction to consumption and Murphy and Becker's theory of rational addiction (1988) is presented. Based on this theory and exception of inflation in the future, I try to investigate whether people of Czech Republic are addicted to consumption of food and non-alcoholic beverages, and consequently based on a few factors influencing consumption, behavior of consumers in the Czech Republic on the milk and butter market is analyzed. Last part of the thesis contains consideration of correlation between happiness and bigger consumption. The conclusion contains my answer whether consumption is a drug or not.
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Negative externality associated with driving under the influence of alcohol
Sladký, Jan ; Hudík, Marek (advisor) ; Šťastný, Daniel (referee)
This thesis answers the question how big is the negative externality associated with driving under the influence of alcohol in crowns per kilometer driven by the driver with alcohol in blood. The calculation includes the economic consequences of accidents, specifically, loss of production, the cost of health care, administration and social expenditures, included are also the values of lost human lives and values for heavy and light injuries. Calculation of externality is used to determine the fine that internalizes this externality.
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Does monopson exist on the player's market in the NBA?
Pilmaier, Jan ; Hudík, Marek (advisor) ; Koubek, Ivo (referee)
This paper deals with the question whether the structure of the labor market in NBA is monopson or not. On the data from the NBA season 2011/12 I estimate player's marginal productivity using two stages least square model. In the first step I determine winner-loss ratio based on players' performance statistics. In the second step I use the results from the first model to predict team's revenues. This effect is controlled by other economic and social variables. Based on this model's results I determined that even though this market is not perfectly competitive, the results are not strong enough for monopson. Short player market could be described as winner-take-all market while on the market for centers there is a balance between pivots and owners and players can obtain their salary equal to their productivity. Then I discovered the superstar effect, according to which stars get bonuses to their salary against the rest of players. Finally it was found out that rookie contracts decrease players' rewards. On the market for centers the life cycle hypothesis holds.
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Phones Czech consumers expensively? Market analysis of mobile operators in the Czech Republic.
Masák, Tomáš ; Hudík, Marek (advisor) ; Zemplinerová, Alena (referee)
This thesis will examine whether the price level on the market of mobile services in comparison with other countries is high or not. After performing own international price comparison which revealed high price level in both analyzed consumer baskets thesis offers some possible options which could lead to the current high price level on the market. The observed high market concentration is one of the possible solutions and leads to discover several solutions whose analysis shows that high price level in the Czech mobile services market cannot be associated with only one factor. The price level is mainly affected by the absence of more operators which can be partly attributed to the insufficient steps of market regulator - ČTÚ especially in the area of termination fees and lease licenses to operating in mobile networks. Both of these steps are also very important for the future development of the market.
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Economics of tennis: new empirical tests of minimax theorem
Kuncová, Barbora ; Hudík, Marek (advisor) ; Chytilová, Helena (referee)
The objective of the thesis is to test empirically the Minimax Theorem with the help of real data from tennis matches. The thesis is based on the assumption that the serve is the crucial factor of a game for a player and that it influences the length of the following exchange. Based on these assumptions a hypothesis is deduced stating that according to the minimax hypothesis, a server plays the more, the shorter the exchanges following serve are. The hypothesis is first verified by a regression analysis and then, to strengthen the validity of its results, with the help of the Pearson's chi-square goodness-of-fit test of equality of two distributions. The hypothesis is finally confirmed based on these two methods.
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