|
|
Value of Accounts at Free Social Networks and the Endowment Effect
Čepová, Martina ; Cingl, Lubomír (advisor) ; Paulus, Michal (referee)
In behavioral economics, the endowment effect explains the difference between the stated value of the good that consumer already owns and the value of the good what he would be willing to pay to obtain it. On the basis of neoclassical economics, the value of one's willingness to pay (WTP) and willingness to accept to forgo it (WTA) should be equal. In practice the values differ and the difference has been demonstrated by many experimental studies on various types of goods. The core of this thesis is to verify the existence of the endowment effect for non-market goods, the account at free social network website Facebook, by the analysis of the relationship between WTA and WTP. Because of nonexistence of the market, the individual does not have any market experience with respect to economic valuation of the account. An economic evaluation study by the Contingent Valuation Method is designed. In the last part I analyze the variables which have impact on the stated values. Keywords endowment effect, willingness to pay, willingness to accept, Facebook, Contingent Valuation Method
|
|
|
Validity of Direct Measurement of Stated Willingness to Pay in the Context of Fair Trade
Mičínová, Veronika ; Remr, Jiří (advisor) ; Hendl, Jan (referee)
The diploma thesis deals with validity of direct measurement of stated willingness to pay (WTP) in the fair trade context based on two-phase measurement applied in the INESAN survey. Attention is also paid to the unit of answer to an open-ended question and to the functionality of WTP as an indicator of purchase intent. First, fair trade, the concept of WTP with focus on areas of its application, ways of measurement, critics and problems of its use are introduced from the theoretical perspective. Further, cognitive aspects of the process of answering survey questions as a way of testing the functionality of a measurement tool are analyzed. The thesis is built on a combination of two survey methods, cognitive interviews and secondary analysis of quantitative data. It concludes that measuring WTP for the purpose of capturing the value of fair trade using direct stated method of measurement is problematic as numerous risks with impact on validity of acquired data appear. Those risks concern both the particular way of measurement and the direct stated WTP measurement in general, starting with ambiguous interpretation of WTP questions for a fair trade product among respondents. The thesis also shows that answering open-ended question in the form of percentage is cognitively more demanding than in the...
|
|
|
Analysis of the institutional framework for management of selected ecosystems in the Eastern Ore Mountains
Kratochvíl, Martin ; Louda, Jiří (advisor) ; Osersová, Marta (referee)
The aim of this bachelor thesis is to analyze and calculate the economic value of selected ecosystem services in the Eastern Ore Mountains and then analyze together with quantitative research, which was held simultaneously with the data collection survey. Selected ecosystems are typical for the Eastern Ore Mountains and provide recreational and aesthetic function. Contingent valuation method and method of choice experiment are used to calculate the economic value. The analysis of qualitative research is carried out by institutional analysis. Contingent valuation method is used to determine the willingness to pay for preserving the aesthetic function of mountain meadows in the Eastern Ore Mountains. Quantifying the economic value together with qualitative research may help to define tools for maintenance management of ecosystems that help to protect, maintain or restore ecosystem. Some methods of evaluation of environmental goods and institutional analysis are described in the theoretical section. The practical part is focused on the results of a questionnaire survey with a qualitative interpretation of the results.
|
|
|
Valuation of Allowance Organization – the Municipal Library of Prague
Matyášová, Hana ; Kislingerová, Eva (advisor) ; Boukal, Petr (referee)
This master's thesis focuses on the valuation of the Municipal Library in Prague, the cultural institution allowances organization. Its aim is to estimate the value up for the date of 31th October 2013 for the purpose of its founder, Prague - the capital city, and to compare the measured value with the level of annual non-capital contribution for the Municipal Library from its founder. The valuation was performed by using the contingent valuation method, which is based on random sample of the questionnaire survey respondents who express their preferences. They are gradually guided to be able to provide the maximum price that they would be willing to pay for use of services and to be able to work out what financial compensation they would be willing to accept for the decrease in their quality life. The starting point of this thesis is to determine the prognosis of the number of registered readers, borrowings, economy of the Municipal Library, its market position and other requisites. This thesis is one of the few which contains valuation in the cultural sector in the Czech Republic.
|
|
|
Approaches to the valuation of cultural organizations
Tomišková, Monika ; Kislingerová, Eva (advisor) ; Pokorný, Jiří (referee)
This thesis deals with a relatively new issue in the Czech Republic, which is valuing cultural organizations. The general framework for the valuation of non-profit cultural organization is analysed in the theoretical part. It includes a discussion of the importance of culture for society, the characteristics of non-profit organizations and subsequently defining the potential value of the concept of cultural organizations, reasons and methods for valuation of such organizations. Special focus is paid to the transformation of the Prague theater net. The aim of the practical part is to determine the approximate value which the czech society would lose, if the prague theatre Činoherní klub terminates its activities due to financial reasons. Contingent valuation method is applied as a procedure, which is based on detection of individual willingness to pay (WTP) or willingness to accept compensation (WTA), through a questionnaire survey. There is also a determination of the status of the valued theater at the Prague theater market in the practical part.
|
|
|
Cost - Benefit Analysis on noise limits increase
Zelenka, Václav ; Vojáček, Ondřej (advisor) ; Ropický, Jan (referee)
The objective of the thesis is - with the aid of cost benefit analysis - evaluate economic impacts of planned amendment to Regulation of the Government No. 148/2006 Coll. On Health Protection from Adverse Effects of Noise and Vibration, namely based on the case of specific road track. Amendment to Regulation is aimed at making existing noise limits softer (to increase them) and thus to bring about savings in investment cost connected with anti-noise measures. The thesis intends to use a single case study to find out whether benefits resulting from price reduction in the process of road construction are higher than costs in the form of decrease of welfare caused by the higher noise exposition; alternatively at what period savings in costs connected with road construction equal to decrease in welfare (savings in costs are one-off, while increase in noise exposition and related drop in welfare are long-term). Estimated changes in welfare are based on analysis of secondary sources -- first of all on the study of traffic externalities in the Czech republic conducted by contingent valuation method. The actual core of the thesis is cost benefit analysis. Attention is paid also to broader discussion on experience in providing exceptions from noise limits in the Czech Republic.
|
|
|
Evaluation of the Impact of Wind Turbines on a Landscape
Urbášková, Martina ; Melichar, Jan (advisor) ; Kaprová, Kateřina (referee)
The goal of the work is to provide monetary valuation of changes in visual aspects of the landscape as a result of construction of an additional wind turbine in the village Maletín. For a suitable method for achieving the goal is being selected the contingent valuation method. A key element of this method is being considered the carefully compiled questionnaire, on which basis is made the quantification and evaluation of collected data. The representative sample consists of 112 households and the selected payment method is the increase of the monthly bill for electricity. The questionnaire reports that 54.3% of households consider the impact of wind turbines on the landscape Maletín to be positive. With the construction of additional wind turbine agree less than 74.3% of households and the most common reason is to obtain grants for the village and to produce cleaner energy from wind turbines. With the construction of new wind turbine while increasing monthly bill agrees 28.6% of all households living in the village Maletín. Estimation of changes in a welfare, thus improving the quality of the environment, is based on estimated central values, that has been calculated from selected characteristics and nonparametric estimation. The average household's willingness to pay for construction of wind turbine is estimated to be between 77 CZK - 200 CZK per month.
|
|
|
Evaluation of the environmental good - The Eastern Slovak dam Ružín
Kožariková, Veronika ; Dvořák, Antonín (advisor) ; Hadrabová, Alena (referee)
The main purpose of the diploma thesis is to determine the willingness of people visiting the Eastern Slovak dam Ružín to pay for improving water quality, namely for the environmental good. Willingness to pay is determined by questionnaire investigation the contingent valuation method. Dam is a public good, which has no owner. We all use it without someone to care for it. This use is not positive, but negative in terms of pollution, clogging of toxic sediments. The theoretical part is devoted to construction and the need to build dam as well as environmental problems, which occur at the dam. This is related to the problem of public good and "the tragedy of the commons." There are the contingent valuation method and development of the questionnaire described at the end of theoretical part. The practical part consists of the evaluation questionnaire investigation and the linear regression model in terms of the parameters under which they were created identifiers variables and point estimates. Finally, it is converted by statistical analysis of the impact of variables on the amount that people are willing to pay.
|
|
| |
|
|
Using WTP and WTA methods for valuating public projects
Kazda, Stanislav ; Ochrana, František (advisor)
Bachelor thesis with title "Using WTP and WTA methods for valuating public projects" in theoretical part deals with essence of Contingent Valuation Method, essence of WTP and WTA methods, guidelines for application this method, factors influencing validity and reliability this method and at least it deals with advice and recommendation with application of this method. The second part deals with practical application of this method on the public project.
|
guest ::
