National Repository of Grey Literature 80 records found  beginprevious55 - 64nextend  jump to record: Search took 0.01 seconds. 
Predatory Pricing in Transport Sector: Case Study of the STUDENT AGENCY, s.r.o.
Dobiáš, Adam ; Vacek, Pavel (advisor) ; Vaško, Dan (referee)
Predatory Pricing in Transport Sector: Case Study of the STUDENT AGENCY, s.r.o. Abstract This paper deals with predatory pricing in transport sector. A situation when one company sells its product at a very low price, intending to illegally drive competitors out of the market. Aim of this paper is to discuss mentioned issues in transport sector and to explain methods of solving predatory cases according to the newest guidelines of the European Commission, national competition au- thorities and national courts. Market delineation, dominance determination and predation cost analysis is discussed. Not only theoretical aspect of predatory behaviour and its impact on competition but also a detection of predatory pri- cing by authorities is discussed. Special attention to the specifics of transport sector is given. The core of this paper is an analysis of STUDENT AGENCY, s.r.o. case from year 2008, when mentioned company was accused of predatory pricing on their bus line Praha-Brno. Keywords predatory pricing, antitrust, competition, re- levant market, dominance, transportation, SS- NIP test, Reverse Cellophane Fallacy, Office for the Protection of Competition, STUDENT AGENCY, s.r.o.
Meta-Analysis in International Economics
Havránek, Tomáš ; Horváth, Roman (advisor) ; Stanley, Tom (referee) ; Wörz, Julia (referee) ; Vacek, Pavel (referee)
The dissertation consists of three papers presenting applications of meta-analysis in international economics. The first paper examines the effect of common currency on international trade, while the remaining two papers address the relationship between foreign investment and the productivity of domestic firms. An introductory chapter puts these applications into perspective. In the first application I present a meta-analysis of the effect of currency unions on trade, focusing on the euro area. I find strong publication bias in the literature. The estimated trade- promoting effect of currency unions other than the euro reaches more than 60%. In contrast, the euro's trade-promoting effect is insignificant when I correct for publication bias. The empirical literature on this topic shows signs of the so-called economics research cycle: the relation between the reported t-statistics and publication years has an inverse U-shaped form. During the last decade more than 100 researchers have examined productivity spillovers from foreign affiliates to local firms in upstream or downstream sectors. Yet results vary broadly across methods and countries. To examine these vertical spillovers in a systematic way, in the second application I collect 3,626 estimates of spillovers and review the literature quantitatively....
The Causes of Inflation in Mongolia
Tsendsuren, Sayana ; Horváth, Roman (advisor) ; Vacek, Pavel (referee)
In this thesis, we study the causes of inflation in Mongolia. We estimate a small open economy VAR model for Mongolia. The model comprises of two blocks - China and Mongolia and we impose a block exogeneity restriction in regards with our estimation purpose. We assess domestic and external shock affect on price level of Mongolia using impulse response function and reveal the main contributors to the price variability utilizing the forecast error variance decomposition (FEVD). Therefore, we trace out that the external shocks affect the price significantly in comparison with the domestic shock. In addition, we can say that the price level is very susceptible under the supply side shock.
The Main Determinants of European Trade Integration
Spivacenco, Carolina ; Vacek, Pavel (advisor) ; Dingová, Vilma (referee)
The importance of international trade cannot be neglected as it represents an important channel of wealth creation in the actual globalised world. Thus, the present writer aims to identify how the commercial flows have changed after the adoption of Euro and once the financial crisis has burst. Furthermore the main factors that influence trade are researched by using the gravitational econometric model and employing panel data for 14 EU member countries. The results show that the intensity of commercial exchanges are highly influenced by the level of development (GDP) of the country and the amount of FDI that are attracted, while the use of a common currency appears to be not too significant. At the same time, indicators are more sensible during the crisis period than the stable one, hence even small changes in independent variables can lead to higher decrease in trade. Key words: European trade, liberalization, competitiveness, financial crisis, contagion, Euro, gravitational model.
Simulation of Impacts of Labor Laws on Labor Market
Dlouhá, Ilona ; Vacek, Pavel (advisor) ; Fialová, Kamila (referee)
This master thesis analyzes the differences in the labor laws and their impacts on the development of the labor markets in large selection of OECD countries, including the Czech Republic. The thesis covers both historical and current data including the late-2000s recession. The labor market performance is measured by hours worked per person, which combines the extensive margin (employment rate) and the intensive margin (hours worked by employed individuals). Labor laws are represented by the average and marginal tax wedges, employment protection legislation, labor market policies and trade union density. The thesis contains an empirical model of the relationship between the labor market performance and labor laws for 24 OECD countries for the period 2000-2008. The thesis shows that the lower hours worked are associated with more strict employment protection legislation and lower trade union density. The effect of taxation (in terms of tax wedges) varies substantially among different subgroups of the population, but it is generally quite weak (elasticity around -0.15) and it cannot explain the overall differences in the development of the labor market performance among countries.
Crystalex Nový Bor: od dedictví IPB k zátěžovému testu českého insolvenčního zákona
Čása, Tomáš ; Richter, Tomáš (advisor) ; Vacek, Pavel (referee)
v Summary The presented work describes and analyzes the course of insolvency proceedings in Crystalex Nový Bor, one of the largest corporate bankruptcies resolved under the Czech Insolvency Act. The core of the work focuses on the description and assessment of the case from the point of view of economic efficiency. The analysis of a large corporate bankruptcy case defined the key aspects of the proceedings and evaluated them in the context of the existing legal framework. The case confirmed a strengthened position of secured creditors, but could not find evidence for opportunistic abuse of this position. The Czech Insolvency Act respected pre- bankruptcy entitlements and the absolute priority rule. On the other hand, the course and the role of the moratorium and delays in the distribution of the liquidation proceeds were weak aspects of the proceedings. The selected method of insolvency resolution through liquidation and sale of the core operating assets together under one contract appeared the most plausible from the point of view of the type of distress in the company. Keywords: case study, financial distress, insolvency, insolvency proceedings, liquidation, asset sale Bibliographic record Čása, Tomáš: "Crystalex Nový Bor: From IPB Heritage to the Loading Test of the Czech Insolvency Act." Charles...
Regulatory Impact Assessment of change in the Law of Protection of Competition
Šafka, Jiří ; Vacek, Pavel (advisor) ; Baxa, Jaromír (referee)
In September of 2009 the Law No. 395/2009 Coll. of significant market power in the sale of agricultural and food processing products and its abuse was adopted, which later came in force in 2010. Since the adoption the law is accompanied with problems, especially its very bad formal, as well as content imperfections. Thus complete abolishment of this legal standard was considered in year 2011. Following this act, it is proposed that the Act No. 143/2001 Coll. of protection of competition should be amended on those parts of law of significant market power, which proved to be beneficial for the competitive environment. Prior to the adoption of this amendment it is necessary to develop according to the directives of the European Union a Regulatory Impact Assessment, a document that analyzes the current situation, and through consultations with concerned individuals, propose possible solutions to the situation. In order to propose objective solutions, it is necessary to look into content and formal aspects of aborted law, find out the parts which have justifiable existence in the legislation, and after comparison with other European Union countries consider the form of criteria which will be assessed according to finding a distortion of competition. All this, if possible, with the lowest expenses and...
How Tax, Labor Market and Product Markets Reforms Influence Foreign Direct Investment
Tydlačková, Stanislava ; Vacek, Pavel (advisor) ; Serdarevič, Goran (referee)
This work analyses industry level Foreign Direct Investment (FDI) inflows in order to find out if their determinants are the same for all industries or if they differ and how. The second important question is if various qualitative variables as labour market or product market liberalization or taxation determines flows to individual industries. I analyse seven industries by System GMM model for period from 1994 till 2009. The results suggests that inflows to each industry are driven by distinct set of determinants. While there are nearly non-significant determinants for agriculture among explanatory variables I used, there is many of them significant for services. Concerning qualitative variables, labour market liberalization influence FDI inflows to manufacturing and mining, product market liberalization influence inflows to transportation and electricity, gas and water industry. The level of taxation seem to be significant determinant of FDI inflows to manufacturing. Keywords FDI, Foreign direct investment by industry, Structural reforms, Labour Market, Lib- eralization, GMM, taxation 4
Residential real estate market during the financial crisis : empirical evidence from the CEE region
Hrachovec, Martin ; Vacek, Pavel (advisor) ; Streblov, Pavel (referee)
1 Abstract This thesis investigates the housing price determinants and possibilities of housing price bubbles in the residential real estate markets of Central and Eastern Europe before and during the economic crisis of 2007-2009. Using data from international institutions, national central banks and national statistical offices three quantitative methods are applied. Price-to-income ratios suggest housing price bubbles that were eliminated during the crisis in three out of five countries covered. Second approach of simple panel data models sheds additional light on housing price bubbles and indicates GDP growth, unemployment and average real wage as the main determinants of housing prices in the region. First indication of severe housing price persistence in CEE is demonstrated by the results of the models as well. More reliable results for housing price determinants are obtained from variance decomposition and impulse response functions of vector autoregression models. Each country is modeled separately and substantial differences exist between the countries. Poland is the only country that does not exhibit housing price persistence and dynamics in Austria are less volatile as compared to the new EU members in the sample. JEL Classification G12, E39, R21, R31, R32 Keywords residential real estate, housing...
Attractiveness of foreign direct investment in Ukraine
Shepel, Nataliia ; Vyhnánek, Tomáš (advisor) ; Vacek, Pavel (referee)
This thesis examines the investment climate and foreign direct investments' attractiveness in Ukraine. The theoretical approach for the explanation of foreign investors' decision-making is presented on the basis of the selected theories of transnational corporations. Descriptive and comparative analysis of the investment flows in Ukraine since its independence is made on the basis of statistical data from the National Statistics Committee and World Statistical Databases. Analysis of variables which I regarded to have a potential influence on foreign investors' decision-making in Ukraine was held. The econometric method of regression analysis was used to determine the significant factors among the chosen for the analysis.

National Repository of Grey Literature : 80 records found   beginprevious55 - 64nextend  jump to record:
See also: similar author names
12 Vacek, Petr
2 Vacek, Přemysl
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