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Assessment of the development of milk prices in selected EU countries
BICKOVÁ, Miroslava
Objective of this thesis was to describe and evaluate the development of milk prices in selected countries of the European Union and The Czech Republic. The theoretical part describes the definition of price, pricing, division of prices, factors affecting the consumption of milk, the connection between consumption, price and income. The thesis also analyzes the particularities of agricultural prices compared with prices in other sectors. It was drawn from literature of Czech and foreign authors. In the methodical part there are described statistical and economic calculation methods. The development of milk prices in each selected EU countries is described in the practical part. Analyzed countries were not chosen randomly. In this paper, there are selected three old states (Denmark, Italy, United Kingdom) and three new states (Lithuania, Poland and Slovakia) and of course the Czech Republic. Furthermore, the price development is assessed by means of price indexes, using analysis of longer time series. In the longer term series there is used the time series analysis, where a linear trend is modeled and a verification of the correctness of the predicted trend results is made. The time series is also examined from the viewpoint of seasonal fluctuations. The thesis is more interested in the national environment, efficiency of large milk producers. In the third part there is calculated the dependence of price development on income situation in each country and the impact of prices on consumption. Coefficients of income elasticity and elasticity of consumption were used. Price and income elasticity was compared in each country of the EU. The conclusion contains summary of results and performed discussion.
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Vliv navrhovaného zvýšení spotřební daně na obchod s vínem
Petratur, Nikola
The thesis deals with the issue of taxation of still wine. Attention is paid to the wine and spirits consumptions changesinduced by the wine price increase. Change in quantity demanded is calculated using the price and cross elasticities. The chenges of the tax revenues are analysed using calculations mentioned above. In conclusion, recommendations to the rate of excise duty on still wine are drawn.
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Estimation of Suburban Railway Demand in the Czech Republic
Mlčkovský, Petr ; Zouhar, Jan (advisor) ; Chytilová, Helena (referee)
This thesis analyzes railway demand and its determinants in the context of regional railway passenger transport in the Czech Republic and Prague suburban railway system. Special attention is devoted to examining the impact of new trains on the demand for the selected route of Jizerskohorské Railway. In particular models, I utilize as estimation procedure and difference-in-differences estimator. Panel data analysis found, in line with other published studies, short-run inelastic nature of demand. In order to increase revenue to railway operator, one must distinguish between a group of dependent and discretionary riders whose elasticity is different. Effect of buying new trains can be substantial, especially on less frequented routes with a greater proportion of private car holders.
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What happens in Vegos does not stay in Vegos
Barczi, Šimon ; Lahvička, Jiří (advisor) ; Svoboda, Miroslav (referee)
The main objective of this paper is to measure and examine demand for commodities offered in the Los Vegos bar in Marianske Lazne. In my experiment, I will be randomly changing price of draught beer in range from 23 to 33 CZK for 30 consecutive days. Each day, I will observe consumption of all goods offered in the bar. I will also analyze a year-long time line with detailed consumption of every product the bar offers . I will measure the own-price elasticity of beer and the cross-price elasticities of other products. My paper will be useful for bar owners to set an optimal price and stock of the goods they offer.
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How the Icreasing of the Excise Tax in the Czech Republic in the Year 2010 Influenced the State Budget
Požárek, Martin ; Potužák, Pavel (advisor) ; Chytil, Zdeněk (referee)
This bachelor thesis deals with a question how the icreasing of the excise tax in the Czech Republic in the year 2010 influenced the state budget. Using the estimations with the help of regression analysis I learn that the demand for diesel in the Czech Republic is unit elastic. But due to the increase of the excise tax was percentually higher than the percentual decrease of the refueled litres of diesel, the state budget incomes were higher due to this taxation than it would have been when the taxes were set in the preceeding rate. With the help of analysis I also learn that the cross elasticity regarding the price of diesel inneighbouring countries has the value of 0,79 and the intensity elasticity of transportation is 1,07. In the last chapter the thesis deals with alternative situations that would upcome in case of not changing the excise tax rate of the last year in the Czech Republic or possibly Slovakia and their influence to tax incomes to the state budget in the first eight months of the year 2010.
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Estimation of price elasticity of crude oil demand
Jonák, Ondřej ; Zajíček, Miroslav (advisor) ; Tříska, Dušan (referee)
Objective of this diploma thesis is estimation of price elasticity of crude oil demand. In order to calculation of such elasticity crude oil demand is estimated with econometrical methods. The choice of suitable model, which sufficiently and accurately models crude oil demand, is initial position of analysis. Consequently, crude oil demand is estimated from market data obtainable from public sources. This estimated model is verified from economic, statistic and econometric point of view. Consequently, price elasticity of crude oil demand is calculated from such model.
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