|
|
Methods of Public Property Sales in the Czech Republic
Titl, Vítězslav ; Skuhrovec, Jiří (advisor) ; Vaško, Dan (referee)
The aim of this work is to compare common methods of public property sales in the Czech Republic - it compares sales through public auction with sealed-bid auction. Public auctions with more regulated publicity standards show much lower rate of failed auction, which might make them preferable method of sale. Revenue of both methods is found to be similar, which fits the auction theory predictions, despite demonstrated bias in official price estimates and institutional frictions. The difference between the methods is reflected in the fact that the revenues from the sales through sealed-bid auctions have lower variance than the sales through public auctions.
|
|
|
Strategy for Improving Auction of Properties in RS Gavlas Firm
Gavlas, Ondřej ; Líška, Milan (referee) ; Mallya, Thaddeus (advisor)
This Master’s thesis deals about strategy for Improving Auction of Properties in RS Gavlas Company. The theoretical part is concerned with an auction theory and a contemporary legislation. The practical part examines Czech auction market, an auction process, customer relationship management implementation and legislative problems with the aim to find new possibilities of use for company RS Gavlas.
|
|
|
Bidding patterns in public procurement auctions
Kožíšek, Jakub ; Skuhrovec, Jiří (advisor) ; Soudek, Jan (referee)
Public procurement market and auctions by which contractors are selected is difficult to analyze using standard econometric models, for their heterogeneity and the lack of complete data. This thesis expands on econometric models, using simulation of real life events in an experimental environment - an agent based model. The chosen ground-up approach allows for better understanding of market behaviors and patterns and to predict these behaviors, depending on the given conditions. With the analysis of how particular agents react to their changes, this represents a tool for evaluating different legislative proposals with respect to market efficiency. As the main objective of the thesis, factors affecting bidding patterns and therefore auction outcomes are studied using real data from the Czech Republic in an econometric model and then four possible legislative changes are tested using a custom made simulation model. Out of four proposals, the minimal requirement on the number of auction participants is considered a viable option in reducing procurement cost and is recommended for further evaluation. The complex model itself is released under permissive license to encourage broader analyses of the public procurement market. 1
|
|
|
Methods of Public Property Sales in the Czech Republic
Titl, Vítězslav ; Skuhrovec, Jiří (advisor) ; Vaško, Dan (referee)
The aim of this work is to compare common methods of public property sales in the Czech Republic - it compares sales through public auction with sealed-bid auction. Public auctions with more regulated publicity standards show much lower rate of failed auction, which might make them preferable method of sale. Revenue of both methods is found to be similar, which fits the auction theory predictions, despite demonstrated bias in official price estimates and institutional frictions. The difference between the methods is reflected in the fact that the revenues from the sales through sealed-bid auctions have lower variance than the sales through public auctions.
|
guest ::
