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Impact Assessment case study: EU ETS and investment decision-making of power generators
Chvalkovská, Jana ; Hrubý, Zdeněk (advisor) ; Mejstřík, Michal (referee)
This thesis is focused on the assessment of impacts of the regulatory uncertainty related to the EU Emission Trading System (EU ETS) on investment decision- making of power generators. The need for investments in new power generation capacities that would be capable to satisfy in the future the growing electricity demand is currently a discussed topic on the Czech as well as on the EU level. These investments are endangered by the uncertainty regarding the future development of the EU ETS regulatory framework, which is a major price driver of the tradable emission allowances. This thesis uses the real option model to analyze the impacts of potential future developments of the emission allowance prices on the investments into new power plants and identifies the regulatory uncertainty as one of the major causes, why investors postpone the investment into the construction of new sources. The analysis is embedded into a broader framework depicturing the EU ETS and the impact assessment procedure conducted by the European Commission.
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Actual discussion about the regulation of the energy market : theory and practice in the Czech Republic and France
Riemlová, Simona ; Hrubý, Zdeněk (advisor) ; Gregor, Martin (referee)
The European energy market has experienced a process of rapid change in recent years. The trend of liberalisation and deregulation is shaping in a fundamental way the environment in which energy companies operate. The aim of this paper is to analyse the present situation regarding the European debate on the liberalisation of the energy market. The analysis includes a theoretical excursus on the problem of the natural monopoly in the energy sector, a description of the European requirements for the organisation of the energy market and an account of the experience of the first countries opening their energy sectors. We will base our affirmation that European directive 2003/92/EC leaves sufficient room for each member state to organise its energy market on its own, on the current debate and the experience of two European Union member states, the Czech Republic and France. The culmination of this paper is section six comparing the present state of the liberalisation process in these two countries, the satisfaction of inhabitants with this process and its impact on energy prices. Powered by TCPDF (www.tcpdf.org)
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The concept of "Leniency Programme" in the fighting against cartels
Dullová, Jana ; Hrubý, Zdeněk (advisor) ; Mertlík, Pavel (referee)
Bachelor thesis deals with cartel agreements and "Leniency programme", which represents one of the most successful ways of detecting conspiracies. In its very first part it describes the evolution of the concepts of competition policy. It is neccessarily followed by basic terms in the field of the protection of competition, as well as competition law in the USA, the EU and the Czech republic. In the next parts, models of cartel agreements and Leniency Programme including the prisoner's dilemma model are presented. Then the conclusions from previous chapters are used to draw up the recommendations in order to improve the efficiency of Leniency programmmes applied in the USA, the EU and the Czech republic. Powered by TCPDF (www.tcpdf.org)
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The Korean investor in the Czech enterprise : (the case study of Daewoo Avia, a.s.)
Kábrtová, Jana ; Kouba, Karel (advisor) ; Hrubý, Zdeněk (referee)
This bachelor thesis deals with the study of the Korean investor Daewoo in the Czech company Avia. The aim of this thesis is to illustrate on the example of Daewoo Avia, a.s. the impact of cut and dry application of Korean system of corporate governance on Czech conditions. In the detailed analysis there is a focus on the development of the company, Korean principles of corporate governance, difficulties of Korean supervision and company success, that is evaluated in accordance to economical indexes, including production and the number of employees. Powered by TCPDF (www.tcpdf.org)
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