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Impact of urban greenery on the property value in Prague
Kaprová, Kateřina ; Melichar, Jan (advisor) ; Vojáček, Ondřej (referee)
The main purpose of the diploma thesis is to estimate the impact of urban vegetation on real estate prices in terms of hedonic pricing method and furthermore to suggest a way how the estimated results should be implemented into decision-making within green areas of Prague. In the legal setting of Czech republic, the greenery is almost entirely provided to citizens through public budgets. As many effects of green areas do not come through markets, the decision-making about optimal quantity of greenery supplied comes to be heavily problematic. Concerning this, contibution of urban vegetation to the well-being of residents estimated in this thesis may become fundamental guide-post for public bodies. The theorethical part of the thesis is devoted to the problematics of green areas as an economic good and to the specification of urban greenery in Prague.Then the method used is shortly characterised. The practical part deals with choice of the appropriate variables representing urban greenery on the basis of relevant literature search. The main scope of the practical part is to describe and analyze property data set from Prague and finally to examine the impact of chosen environmental variables on the property prices.
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Impact of floods on the property market in Prague
Timko, Peter ; Melichar, Jan (advisor) ; Kaprová, Kateřina (referee)
Master's thesis is focused on the problem of the economic impacts of floods on the property market in Prague. Aim of this work is to clarify whether the floods affect the price of real estate and to what extent. Hypothesis is that floods affect the price of property in flood plains. This effect is determined by the hedonic price model (HPM) for the analysis of secondary data. The theoretical part explains the risk of flooding and floodplains mapping. This section further explains the whole hedonic model and reviewed studies provide a research procedure outside the Czech Republic region. The practical part deals with the exploratory analysis, regression analysis and hedonic price modeling based on the implicit price of flooding. Finding of the thesis is the fact that property prices in Prague are affected by the Q100 flood plains resulting in positive and negative impact confirmed by a log-log weighted least squares regression model. It is shown that implicit price of flooding far exceeds the cost of building flood protection measures in Prague.
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Travel Behaviour Modelling Using Choice Experiment Method
Šilerová, Markéta ; Melichar, Jan (advisor) ; Kaprová, Kateřina (referee)
This diploma thesis is concerned with the use of the choice experiment method for modelling travel behaviour. The main scope of this diploma thesis is to find the main attributes for the individual's decision making about the student's choice of mean of transport. The models have been applied to long intercity trips between Prague and Brno. The model specification combines trip-based characteristics with socioeconomic characteristics. There are numerous European and US studies which have been conducted in a national context. In recent years, studies have been implemented also in the Czech Republic, but none of them focus on the specific segment of students. The principles of the choice experiment come out from the Lancaster' characteristics theory of value and random utility theory. The multinominal logit is used to the choice experiment analysis.
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Biofuels and food safety
Štěpničková, Zuzana ; Melichar, Jan (advisor) ; Kaprová, Kateřina (referee)
The aim is to draw attention to an inefficient allocation of resources and capital, which has resulted in rising food prices and the high number of hungry people in developing coutries, which European and U.S. subsidy policy does nt accumulate capital and invest in their production. I focused on the prices of raw materials for biofuel production in connection with legislative obligations and CO2 emissions, including the impact of indirect land use changes (ILUC) and based on searches draw conclusions from primary studies that deal with macroeconomic modeling. This thesis confirmed the hypothesis that the current agricultural policy on biofuels does not comply with the theory of comparative advantage of growing food where it is advatageous both economically and environmentally.
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Metoda hedonické ceny
Kaprová, Kateřina ; Vojáček, Ondřej (advisor) ; Melichar, Jan (referee)
Práce je zaměřena na metodu hedonické ceny na trhu nemovitostí. Teoretická část je věnována hlavnímu smyslu této metody, je uvedeno, ve kterých oblastech se používá, jaké jsou podmínky a omezení jejího použití nebo jaké má výhody. Dále jsou popsány jednotlivé teoretické kroky vedoucí k cílovému ohodnocení statku životního prostředí. Část práce je věnována specifikaci teoretického modelu. Na základě rešerše relevantní literatury a dostupných dat jsou vymezeny proměnné, které do modelu vstupují. Práce obsahuje popis statistického souboru zahrnujícího různé charakteristiky nemovitostí. Hlavním cílem práce je přehledné seznámení s metodou hedonické ceny a demonstrace postupu oceňování na konkrétním příkladě.
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