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Charter Cities - islands of prosperity with the imported legal system?
Beník, Miroslav ; Šíma, Josef (advisor) ; Hájek, Jan (referee)
If we consider various improving concepts of governance, we can distinguish two main trends in public choice economics. Neoclassical analysis provides a static view of competitive government, where the main idea is free choice and so-called vote with feet. Dynamic view adds understanding of competition as knowledge generating process and product differentiation. The aim of the work is to evaluate Charter Cities project from the perspective of static and dynamic competition in the government industry, and its potential for rules diffusion to the host country. Seasteading may seem utopian, but the realization would significantly address the problems of decision-making costs and differentiation of governments. Since concepts vary at first sight, purpose of the work is also to compare charter cities and sea cities in terms of their nature, risks, and final applicability in practice. Third, a closer form of activism is the decentralization of government and the transfer of responsibilities to the private communities. Since the government market is 30% of world GDP and is extremely closed and resistant to change, it must compare the three forms of institutional changes, identify under what conditions and in what timeframe are feasible and to determine their significance with regard to their specific nature.
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The comparison of monetary causes of the crisis in 1970s and the current crisis
Jaklínová, Jana ; Šíma, Josef (advisor) ; Řežábek, Pavel (referee)
The magister thesis makes comparison of monetary causes of the crises in 1970s and the current crises in the United States of America. On the basis of theoretical part that analyzes the Austrian theory of the business cycle derives work in analytical part the consequences of monetary policy on the economy in both of observed periods. Through the use of history of monetary policy finds the thesis advice for solution to current crises. The thesis analyzes monetary instruments of American central bank and explains the mechanism of transfer of money into the economy. In the terms of current economic debates the thesis conclusion answers the question if or on what condition can actual situation of the economy of the United States of America leads in stagflation development.
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Regulation of pharmaceutical prices
Klingerová, Eliška ; Šíma, Josef (advisor) ; Durdisová, Jaroslava (referee)
This study is aimed at analyzing the effectiveness of state intervention in the form of pharmaceutical external price referencing (EPR) in selected EU countries, as well as the description of drug policy and EPR in the analyzed countries. Among the analyzed countries, the United Kingdom and Sweden have been selected as representatives who don't use EPR regulation. On the other hand, the Czech Republic, Hungary, Austria, Spain and the Netherlands are countries that regulate using EPR. The prices of selected pharmaceutical products in all of those states are converted into producer prices, on which most countries concentrate EPR. Prices are analyzed after the conversion of nominal and real exchange rates. The lowest prices are found in the Netherlands and the UK. This proves that EPR doesn't bring lower prices for medicine in the countries which use it. Further rankings vary based on the exchange rates used. The paper also analyzes the achievement of price ceilings in the Czech Republic, where the maximum prices set by regulators of EPR (including VAT) are compared with the average prices in pharmacies. All analyzed medicinal product prices are below the ceilings, which also proves the ineffectiveness of this intervention.
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Charter Cities - Enclaves of Prosperity with Imported Legal System?
Procházka, Pavel ; Šíma, Josef (advisor) ; Gregárek, Matěj (referee)
The master's thesis discusses an alternative concept of development aid in the form of charter cities created by Paul Romer, American economist. It describes this mechanism, institutional framework and analyzes its potential to work in practice. Besides the first attempts to put model cities into practice, the thesis also points to a number of myths that have appeared around the project and which are the subject of study. Due to absence of direct charter cities the concept is compared (based on ex-post analysis) with cities and economic zones that were established with goal to achieve economic growth. Similar procedure is applied even in testing of basic assumptions of this model to find out whether this is a viable project.
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Monopolization of the Protective Agencies: Is the State Inevitable?
Jonáš, Josef ; Šíma, Josef (advisor) ; Běláčková, Vendula (referee)
This diploma thesis deals with the sustainability and stability of anarchy in the long run. Theories of Robert Nozick, Tyler Cowen and Randall G. Holcombe, which point to inevitable emergence of the state from the state of nature, are evaluated and compared with empirical observations of stateless societies. Proposals for the potential avoidance of state emergence despite the possible tendency of anarchy toward monopolization in the form of vertically integrated proprietary communities, remedial state and ideology are also introduced and analyzed. As result, the diploma thesis challenges the theories describing the inevitable emergence of the state and the first two proposals, which were designed to solve this problem. The role of ideology is highlighted in the conclusion as a crucial factor in achieving and maintaining anarchy in the long run.
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Czech mobile providers market through the eyes of Ronald Coase
Benešová, Tereza ; Šíma, Josef (advisor) ; Munzi, Tomáš (referee)
The diploma work is focused on situation and function of Czech mobile providers market. The theoretical background is based on Ronald Coase's findings. The functionality of theoretical hypothesis is verified and further discussed on the basis of foreign telecommunication markets. Different real economics provide valuable experience concerning identification of possible assets and problems. The acquired information is consequently used for analysis of Czech mobile market. Next to the evaluation of the current situation the focus is given to the planned auction of frequencies. Conditions of this auction are described and the potential influence to future Czech mobile providers market is monitored.
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The Causes of the Mortgage Crisis in the USA
Fiala, Petr ; Šíma, Josef (advisor) ; Rybáček, Václav (referee)
The diploma thesis investigates causes and progression of the mortgage crisis beginning in 2006 in the United States. Theoretical part of the thesis explains general causes of economic crises in accordance with the Austrian theory of the business cycle. Some of the basic problems of nonmonetary business cycle theories are mentioned and the most common ABCT attacks refuted. Analytical part of the thesis tries to explain why the current business cycle appeared primarily in the form of mortgage crisis. For this reason institutions playing the main role in the American mortgage market are being analysed including Federal Reserve System, government-sponsored enterprises, and three biggest rating agencies Moody's, Standard & Poor's and Fitch Ratings. Thesis conclusion should answer the question why and how the mortgage crisis originated in the United States.
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Price perception vs. measured inflation and its influence and impact on economics and political vote
Marková, Lenka ; Šíma, Josef (advisor) ; Rybáček, Václav (referee)
Measurement of price level with consumer price indices forms some gap between measured inflation and perceived inflation. The graduation theses is concerned with quantification of gap in particular group of individuals and shows on measuring data, how this gap influents individuals, if growth of cost of living according to consumer price index copies price perception. It illustrates influence the incorrect construction of indices as important orientation point in economy, which redistribution of recourses, in context with usage of indices for income indexation and suggests more appropriate approach for constructing aggregate price index. It investigates what factors influence price perception and comes into gain and loses calculation which people are confronted. Price perception is influenced both socio-economic and political environment. The end of theses overlaps into political vote and investigates if there is causal of relationship between price perception and political vote.
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Financing of the art
Vozdecký, Petr ; Šíma, Josef (advisor) ; Ždímal, Martin (referee)
This project is aimed at comprehensive analysis of financing of the arts in Czech republic. The study describes main sources of financing of art activities focusing on public financial support. The whole point of this study is to find out reasons for public supporting and to determine the legitimity from economic point of view. Last but not lest autor pays attention to multiplier effect an its real consequences.
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Reinforcement of the Property Rights as a Way how to Alleviate Poverty
Kalauzová, Sonia ; Šíma, Josef (advisor) ; Ždímal, Martin (referee)
The master's thesis discusses a development concept inspired by the Peruvian economist Hernando de Soto. It describes this concept and analyzes its potential to work in praxis. It introduces several critical responses addressed from a wide range of stakeholders - from civil society advocates to scholars -- and contends with their critique. Furthermore, the thesis frames this concept within the development paradigm, with a short overview of its evolution from the 50's and an emphasis on the institutional aspect. The last part analyzes results of the property rights formalization reform in Peru. The outcomes of this reform may be of major importance for the development efforts in the future. Although the anticipated connection of formalization and a better access to loans has not been proved yet, there are some other interesting effects to look at.
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