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How Does the Completion of the Prague Metro Stations Affect Prices of Adjacent Properties?
Chmelík, Jakub ; Komrska, Martin (advisor) ; Mirvald, Michal (referee)
This thesis analyzes the impact of the newly built Prague metro stations on prices of adjacent apartments. The completion of stations improves accessibility of the city center for many areas in Prague. Impact of the improved accessibility on property prices is estimated using a hedonic price model. The dataset was created in February 2015 and contains new apartments throughout the city. The result of the hedonic model is that each minute the journey to the city center takes longer, reduces prices of new apartments by 1,15%. The total increase in apartment prices then depends on the amount of minutes by which the journey time was shortened. This result confirms the main hypothesis that the new metro stations would increase prices of new apartments in affected areas. Based on the results of the model the so called bid rent function is constructed. The shape of the function confirms the assumption made in the theoretical part of the thesis that apartment prices decrease with distance from the city center.
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Analysis of infuence of given factors on the price of black coal
Švec, Daniel ; Zajíček, Miroslav (advisor) ; Babin, Jan (referee)
The bachelor thesis deals with the relationship of the price of thermal coal and chosen variables on the European market. It describes principles of business with coal on both local and international basis and summarizes pricing of thermal coal. It examines the connection of the price of thermal coal with the price of its closest substitutes. Using regression analysis it determines variables that have the biggest impact on the price. It is shown, that in the long run, the price of thermal coal follows the pattern of its substitutes, energy commodities. With an increase of natural gas price by one dollar, the price of thermal coal increases by 0,275 dollars. An increase of crude oil price by one dollar increases the price of coal by 0,155 dollars. The most significant impact on the price has variable representing the transport costs required to transport coal. With an increase of one dollar of transport costs, the price of thermal coal on European market increases by 1,279 dollars.
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