National Repository of Grey Literature 2 records found  Search took 0.09 seconds. 
Pre-sale estimates verification: Czech painting at auctions
Macková, Jaroslava ; Schwarz, Jiří (advisor) ; Šťastný, Daniel (referee)
The predictive power of pre-sale estimates in comparison with hedonic model of hammer price is tested within Czech painters' dataset in Czech and foreign auctions. It appears that pre-sale estimates do not account for all available information from public database which influence hammer price. The determinants of differences are examined on Czech and foreign auctions separately (OLS with instrumental variable) and in addition bought-in works are included into examination of foreign dataset by Heckit model. The same author appears to be the most viable difference in both datasets (after bought-in works inclusion in foreign data). Techniques and supports with higher hammer prices tend to have higher rate of difference between hammer and estimate prices. The influence of the oldest auction houses to higher hammer prices than estimates was confirmed. In Czech environment this influence of some auction house was not registered.
The significance of state actions in case of externalities
Macková, Jaroslava ; Vostrovská, Zdenka (advisor) ; Kučerová, Jaroslava (referee)
The topic of this bachelor thesis is state action, which are justified by positive external effect. In the first section I examine the condition of function of market mechanism and I am concerned with externalities in a detail. Externalities appear if the function conditions of market mechanism aren't fulfilled. Original interpretation of external effects by A. C. Pigou and his critical analysis made by R. H. Coase are presented. In the analytic part of this study I deal with particular example of state subsidy for milk distribution for pupils who perform obligatory school attendance. I enunciate a hypothesis about feasibility of state action in this case in terms of benefits and costs of this scheme of subsidy. The hypothesis is confronted with arguments of liberal economists - Murray N. Rothbard and Milton Friedman.

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14 MACKOVÁ, Jana
3 MACKOVÁ, Jitka
14 Macková, Jana
2 Macková, Jindřiška
3 Macková, Jitka
1 Macková, Julie
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