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Determinants of Prague rental prices
Nesnídal, Daniel ; Koubek, Ivo (advisor) ; Mirvald, Michal (referee)
This bachelor thesis analyzes relationships between specific properties of realities and rental prices in the capital city region of Prague. The aforementioned analysis utilizes principles of hedonic pricing and draws on a dataset consisting of 2 357 observations collected in March 2013. Final results indicate that the most significant determinant of rental price may be the reality's affiliation with a specific city district. For example, results suggest that a rental price of reality in Prague 9 will be 16 percentage points lower than a rental price of identical reality in Prague 1. The findings also indicate that another influential factor may be whether the reality is newly constructed, in which case the rental price of such reality increases by 14,3 percentage points.
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The future of solar power plants in the Czech Republic
Choutka, Tomáš ; Zemplinerová, Alena (advisor) ; Koubek, Ivo (referee)
The thesis called "The Future of Solar Power Plants in the Czech Republic" is oriented to the characteristics of production of electric energy in solar power plants which are supported by many legislative incentives. We are currently standing in the situation of reducing energy tariffs for production of electricity from solar power plants in most European countries because of their unbearable impact on consumers and national budgets. The aim of this thesis is to analyze impacts of the energy tariffs for solar energy and to explain increase of installed capacity of solar power plants by forming a model for calculating financial return of an investment in construction of solar panels. The thesis points out that the incentives are still very high and interest in construction of solar power plants will probably endure even in the future as long as these favorable legislative conditions are set. This situation will result in bringing more additional costs for the end-users of electric energy.
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Ekonomové a minimální mzda
Jirásek, Tomáš ; Šťastný, Daniel (advisor) ; Koubek, Ivo (referee)
The minimum wage is a tool of public policy which despite being in favor of politics tends to be in displeasure of economists. Recent consensus study shows (Alston, 1992; Fuller, 2003) that consensus on minimum wage among economists has a tendency for weakening. The goal of my thesis was to map the consensus of economists on minimum wage in the course of the 20th century and to help to answer the question how the view of economists has changed on this topic and which events were of greatest influence. As a way of measuring the consensus I chose the studying of academic articles because it is the direct output of academic community. My study shows that from the 1930s we can see a constant strengthening of ideas that a minimum wage has a negative effect on economy.
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Does monopson exist on the player's market in the NBA?
Pilmaier, Jan ; Hudík, Marek (advisor) ; Koubek, Ivo (referee)
This paper deals with the question whether the structure of the labor market in NBA is monopson or not. On the data from the NBA season 2011/12 I estimate player's marginal productivity using two stages least square model. In the first step I determine winner-loss ratio based on players' performance statistics. In the second step I use the results from the first model to predict team's revenues. This effect is controlled by other economic and social variables. Based on this model's results I determined that even though this market is not perfectly competitive, the results are not strong enough for monopson. Short player market could be described as winner-take-all market while on the market for centers there is a balance between pivots and owners and players can obtain their salary equal to their productivity. Then I discovered the superstar effect, according to which stars get bonuses to their salary against the rest of players. Finally it was found out that rookie contracts decrease players' rewards. On the market for centers the life cycle hypothesis holds.
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rDeterminants of Sales and Attendance of Shopping Centre
Kadlec, Martin ; Bolcha, Peter (advisor) ; Koubek, Ivo (referee)
The thesis analyses determinants of shopping centre sales and its attendance demand; it is based on data of the specific shopping centre from the years 2007 -- 2011. Based on a five-year monthly time series, two sales models are created. One model tracks sales per customer, the other deals with the shopping centre sales which are compared with the sales index of retailers. On the other hand, a model of the shopping centre attendance demand uses figures of a five-year daily time series. Independent variables with significant effect on dependent variables are identified in the theoretical part. The models are estimated using the Ordinary Least Squares estimation. In all models, seasonal influences proved to be a significant determinant. In the sales models, hypotheses of the competition effect have been verified. Furthermore, in case of the attendance demand model, weather and marketing effects were estimated as important. Surprisingly, the economic variables proved themselves to be insignificant, which could be caused by the relatively short observation period. The limiting factor of all models is also the fact that the dataset consists of one shopping centre only. It prevents the author from conducting a comprehensive examination of other important determinants of shopping centre sales and attendance.
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Who and why is buying and selling on „deal-of-the-day servers”
Pazdera, Jakub ; Janíčko, Martin (advisor) ; Koubek, Ivo (referee)
This thesis deals with the performance of the currently very popular discount sites, called "slevomaty". Origin of these sites were inspired by American Groupon.com server. They are analyzed from the perspective of customers who are buyers and dealers whose products are offered at a discount. The practical part of this work is examined using quantitative methods (using correlation analysis), whether the purchasing decisions of customers on these servers are rather impulsive than based on rational thought. On the basis of the results author finds the consumer purchase decision on the discount sites well-founded. Qualitative analysis was performed by comparing the discount servers with FashionDays.cz server. It answers the question: "How are the discount sites presented from graphical and architectural point of view?" The result of this analysis is the finding of low usability of the discount servers as a "back door" through which traders would be able to offer its prestigious products to new customer segments.
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Analysis of the demand for services of selected driving school
Milatová, Barbora ; Mičúch, Marek (advisor) ; Koubek, Ivo (referee)
This thesis examines effects of selected factors on the demand for services in chosen driving school. Testing, carried out by the regression analysis, demonstrates how the total monthly sales are influenced by prices of different types of courses, selected marketing strategy, the presence of discount in a given month, the success of students in driving exam, the number of training cars and the number of training teachers. Furthermore, the price elasticity of demand for two types of courses has been measured. These courses had been selected due to their most significant impacts on the price elasticity of demand. Once the model had been transformed and the four variables causing multicollinearity have been omitted, the final result showed that the demand for driving is mainly influenced by well-chosen marketing strategy and a success of students at their first examination. The effect of price of the course on the demand proved to be insignificant.
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Are tennis players rational?
Foksová, Eva ; Hudík, Marek (advisor) ; Koubek, Ivo (referee)
The aim of this thesis is to verify the hypothesis on real data based on economic theory and these theories to confirm or reject. The first part deals with testing of hypotheses based on the game theory and tests whether tennis players play according to the minimax theory. The Hypotheses analyse the data for strong and weak players, considering their service, and verify which group of players converge in their strategies toward minimax theory assumptions. Specifically, theory components of the hypotheses are tested within this part: i) the probability of winning the game serving from the right side of a court is the same as the probability of winning the game serving from the left side, ii) this hypothesis will hold true rather in case of stronger players serving against weaker players than in case equally strong players playing against each other and iii) Based on the assumption that women do not excel distinctively in serving, the results in the women's matches will be worse in the minimax theory than results from men's matches. Hypotheses derived from the theory of elimination tournaments are tested in the second part of the diploma thesis. The hypotheses are analysed on the tennis data whether players make less effort in uneven tournaments, regardless of their position as favourite or outsider, than the theory presumes. The analysis of the above mentioned hypotheses was performed on the data from the Grand Slam tournaments in the years 2011 and 2012. Hypotheses are tested using both male and female data. The results obtained from analysis of the data confirm the hypotheses.
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What are the determinants of ratio of free riders in public transportation?
Froňková, Pavlína ; Lahvička, Jiří (advisor) ; Koubek, Ivo (referee)
This paper presents a model that examines determinants of ratio of free riders in public transportation in the Czech Republic. The dataset consists of annual data from four cities over the time period of 11 years. The results show that 1% rise in the price of the ticket leads to 0,15% rise in the ratio of free riders. Also 1% rise in the leads to 0,25% decrease in the ratio of free riders. Despite the fact that the other two assumed determinants -- wage and the number of ticket inspectors -- are not statistically significant, I suppose it is mainly because of the short time period I am working with and I assume that those two variables are also important factors affecting ratio of free riders in public transportation.
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