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Does remedial education help disadvantaged children in the Czech Republic? : evaluation of education support programme
Lelovská, Adriána ; Koubek, Ivo (referee) ; Chytilová, Julie (advisor)
Programmes supporting education are one of the main activities of nongovernmental organizations. However, the information about effects of such programmes is often misleading, as it provides only limited clarification on improvement observed with the treated children. This thesis concentrates on a particular project of the Czech nongovernmental organization People in Need, where selected children from families endangered by social isolation received extra tutoring. In this study, the whole course of evaluation is described, revealing the process of data collection in the field. The main part of the thesis focuses on analysis of the programme, comparing the control and treatment groups before and after joining the programme using difference-in-differences method. The aim of the thesis is to show the true impacts of the remedial education on school performance, school absenteeism and school behaviour of the children. Moreover, the research will reveal the change that the programme had on the parents' attitude towards educating their children.
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Cinema services as a market of vertical and horizontal differenciated product
Jakoubek, Jakub ; Koubek, Ivo (advisor) ; Brožová, Dagmar (referee)
This bachelor thesis analyzes cinema market in the Czech Republic. Multiplexes are crushing their competition of regular cinemas in number of spectators and net revenues. The main aim of the thesis is to prove that product differentiation and distance between the competitors are more important than standard relationship: quantity demanded - supplied price. Based on the data from UFD, where can be found information about all cinemas and multiplexes from the years 2006 - 2014, I estimate models using econometric analysis, which examines the effects of the determinants on the cinema demand. The main focus is on distance to the nearest competitor and quality factor. Conclusions of the thesis confirm that vertical differentiation has the biggest effect on the number of spectators and on the other hand, distance to the nearest competitor is not able to explain the damage from a distance. It turns out that the price differential reflects qualitative differences and the distance between the cinemas.
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Analysis of attendance on home games of Slovakian national football team
Dzurovčin, Martin ; Koubek, Ivo (advisor) ; Babin, Jan (referee)
This paper deals with factors affecting home games of Slovakian national football team from 1994 to 2015. The dataset is containing 100 observations,which are examined through the econometric analysis. Ticket prices before 2002 was unable to discover, although the rest had demonstrated that the impact of the price of tickets for the match attendance is irrelevant. An important factor has proven fact ,that a qualifying games were more attended , than friendly games (22 % less). The assumption that if the opponents of the Slovak representation is rival from the Czech Republic are confirmed . These games attends an average of 24 % more than others. Another important variable was when the match was played in Bratislava, it was on 13 % less attended than the games played in other Slovak cities.
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The Empirical Analysis of Efficiency of Wagering Market
Flegr, Jan ; Hronza, Martin (advisor) ; Koubek, Ivo (referee)
Aim of this diploma thesis is to provide empirical tests of market efficiency of tennis wagering market. In large dataset, which consists of nearly 47 thousands matches and 225 thousands odds, I am searching for anomalies, which can prove market inefficiency. Potentially profitable and exploitable betting strategies are also examined. Main tools of empirical analysis are linear probability models and logit models. Favorit-longshot bias is present in my data, this finding is consistent with results of other empirical works (Lahvička, 2013; Cain, Law, Peel, 2000). Major contribution of this paper is confirmation of home-away bias, the issue, which was not tested in tennis matches so far. The same holds for chart-bias. I am not able to find profitable wagering rules based on out-of-sample predictions of my models. Simple betting rule, which consists of betting systematically on overwhelming favorites, is derived from historical odds. This strategy yields a profit 0,0094, but it's applicability is very limited.
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Do fuel prices respond asymmetrically in the Czech Republic?
Kohoutek, Jakub ; Koubek, Ivo (advisor) ; Chytilová, Helena (referee)
It's a subject of extensive discussion whether or not fuel prices on gas stations respond faster on an increase of oil price than on its decrease. Though this phenomenon is widely discussed in scientific literature, there's still no study focused on an asymmetric behavior of fuel prices on the Czech market. This diploma thesis fills the gap and explores the reaction of fuel prices in response to cost shocks in the environment of the Czech Republic. At the first section of thesis, there is described several economic theories explaining asymmetric reaction - especially the theories based on consumer behavior under the imperfect information assumption and the theory of tacit collusion according to which the price of previous period provides companies on oligopolistic market with a focal price for implicit cartel agreement. In the Empirical part of the thesis, I use an error correction model allowing asymmetric reaction to analyze if the retail fuel prices in the Czech Republic really react with different lag on positive and negative cost shocks. Based on several time series of gasoline and diesel prices, presence of asymmetric price reaction was proven between wholesale and retail level of supply chain.
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Is it possible to define dominant position on the market?
Topinková, Kateřina ; Zajíček, Miroslav (advisor) ; Koubek, Ivo (referee)
This thesis aims to reveal whether it is economically meaningful to define dominant position on the market. The term "dominant position" is one of the key terms in the anti-trust legislation. Without such definition there is a significant part of the anti-trust law unfeasible. I used some cases judged by the Office for the Protection of Competition in the past ten years that involved considering dominant position issues to show how important the definition of dominant position is. On the cases it is shown that the decisions which are based on very vague basis, mostly without necessary analysis, represent the main issue of Office for the Protection of Competition. Moreover, companies are sanctioned on these questionable verdicts. The result of these issues holds that the decision making of the Office for the Protection of Competition is unpredictable and it is also dependent on different criteria than the real analysis of the market situation.
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What Affects The Decreasing Consumption of Beer? Analysis of The Determinants of Demand
Podešva, Jiří ; Koubek, Ivo (advisor) ; van Koten, Silvester (referee)
The per capita consumption of beer in the Czech Republic is one of the biggest in the world. However, in recent years the consumption has started to decrease. This thesis analyzes determinants of demand of beer and possible causes of decreasing of beer consumption. The whole market is analyzed using the time series models. In the next step, the market was separated into on-trade and off-trade part. No previous researches have dealt with this division. It was proved, that wine is a substitute of the on-trade beer, but a complement of the off-trade beer. On-trade beer is an ordinary good and if the price increases by one Czech crown, the consumption will decrease by 5 %. Spirits are complements of on-trade beer. No impact caused by price on the consumption of off-trade beer was proved. During the analysis of off-trade beer was found out, that the beer is the gross substitute of wine and that the good weather makes its consumption to increase. The future prediction for 2014 suggests that average person will consume 57,5 liters of on-trade beer.
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Pharmaceutical market economics: Do public subsidies on pharmaceuticals cause their wasteful use
Petrmann, Milan ; Špecián, Petr (advisor) ; Koubek, Ivo (referee)
This diploma thesis deals with the question of whether do public subsidies cause wasteful use of pharmaceuticals, and if so then to what extent. The hypothesis is tested on the Czech republic data for the years 2005-2012. The biggest contributions are defining the health system as an intra-temporal problem, which tells us that lower values of discount rate implies higher level of wasteful use. I express the environmental issues, which are caused by unprofessional pharmaceutical disposal. You can find the price (-0,11), the income (-0,2) and the cross-price (-0,14) elasticity of demand for pharmaceuticals in the empirical part. These estimates are obtained with the help of the Kuhn-Tucker method. Using the 2OLS method Model 2 comes with the major findings. With 10% increase of public subsidies, consumers tend to waste 13,2% more pharmaceuticals.
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The Economic Crisis of Newborns
Matějček, Štěpán ; Janíčko, Martin (advisor) ; Koubek, Ivo (referee)
The thesis examines the determinants of decision making of child conception. The estimation of fixed effect model of panel data from 14 districts of the Czech Republic shows pro-cyclical development of the count of born children. According to the model, in the economic recession the demand for children declines, because the decision making is influenced by uncertainty that emerges from the labor market instability. The results are in consent with contemporary scientific literature which have shown the pro-cyclical development of fertility in developed countries since the 1980s. The model's dependent variable is the modified birth rate which allows to examine the impact of change in unemployment and other control variables on the decision making of child conception. The empirical results show that economic insecurity in the shape of unemployment have a significant negative impact on birth rate. Apart from the main outcome the paper presents other interesting results, the impact of changes in economic and demographic variables on the modified birth rate of boys and girls, marital status and education of mother and father.
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