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A Price Analyses on the Imperfect Competitive Market
Fait, Petr ; MBA, Jiří Rozsíval, (referee) ; Škapa, Stanislav (advisor)
To sum up, Imperfect competitive markets are results of influence of various market factors. They consist of economies of scale, variety of legal restrictions, a high amount of production costs, a product differentiation, a territorial dispersion and an imperfect consumer awareness of the market. Firstly, the principal sorts of imperfect competitors are monopolies, oligopolies and monopolist competition. The ability to stipulate the price of a product is characteristic for these kinds of imperfect competitors. Thus they are called price-makers. These imperfect competitors deal with a diminishing demand curve, in other words there is a dependence of a price on the volume of production. Moreover, this ability is used to maximalize a profit. Referring to the imperfect competitor, the most common method of maximalizing the profit is price discrimination, therefore the company is able to divide its customers into several groups and stipulate a different price of a same product for each of them. Nevertheless, in practice due to above mentioned factors we run across the imperfect competition in most of the cases. In addiction, the imperfect competition might be considered as a theoretical state, which is very similar to share dealing in general.
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Profit Maximization of Car Manufacturers Facing EU CO2 Emission Penalties From 2021
Leamer, Anthony David ; Večeř, Jan (advisor) ; Antoch, Jaromír (referee)
Title: Profit maximization of car manufacturers facing EU CO2 emission penalties from 2021 Author: Anthony David Leamer Department: Department of Probability and Mathematical Statistics Supervisor: prof. RNDr. Jan Večeř, Ph.D., Department of Probability and Mathematical Statistics Abstract: This paper sheds light on the newly coming emissions penalization sys- tem imposed on passenger vehicles registered in the EU. We analyze the penalty based on how it influences profit of the car manufacturers. After optimizing the profit margins car manufacturers impose on different vehicles we discuss what this means for the consumer and the manufacturer. We seek to answer the ques- tion 'Who is going to pay the penalty?'. In the last chapter we analyze real data to see if the penalty will motivate manufacturers to produce more eco-friendly passenger cars. The data shows that the manufacturers will lose profit until the fleets' average emissions fall within the limits. The maximization apparatus developed in this paper is indeed standard - in the sense that there are no new theories developed - although the problem is new to the extent that it requires new creative use of specific parts of optimization theory. Moreover the decision of the EU to implement drastic measures to bring down, 'on road CO2 emissions', leads...
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Willingness to pay for streaming services: Evidence from the Czech Republic
Strnadová, Ivana ; Polák, Petr (advisor) ; Kučera, Adam (referee)
The aim of this thesis is to analyze the consumers' willingness to pay for subscription- based video streaming services in the Czech Republic. With the unique data collected via self-developed questionnaire both the willingness to pay and the maximum price that consumers would be willing to pay for such services is examined. Using the logistic regression, variables that have a significant effect on the probability of subscribing were identified. These include the age, education level, preference for original sound and Czech movie production, online payments, purchase of an electronic movie, number of devices used, cinema visits, favouritism of movies over TV shows, satisfaction with the content offered by common broadcasting stations and desire for spatial mobility when accessing video content. Similar results were obtained when predicting the price using OLS. Additionally a previous purchase of a physical medium and the income level were found significant. Based on demand estimation this thesis also suggests that from the provider's perspective the optimal profit maximization price for streaming services should be set in the range from 218 to 283 CZK.
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Agent-Based Model of the Software Market
Bureš, Michal ; Kukačka, Jiří (advisor) ; Klinger, Tomáš (referee)
In this thesis we apply agent-based modelling methodology on the software market. We derive and implement an original model of the market as the research in this field seems negligible. The work focuses mainly on the derivation of the model and explanation of the methodology. Specific features of the software market are discussed and presented as assumptions of the model. Based on these principles we construct a model of the software market with complex customer behaviour. In the end we test our model in an application we developed solely for this purpose. Responses of the model to dynamic modifications of individual parameters are tested using the application. A simple case scenario in which we apply the model on the dynamic market of game engines is presented. Powered by TCPDF (www.tcpdf.org)
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A Price Analyses on the Imperfect Competitive Market
Fait, Petr ; MBA, Jiří Rozsíval, (referee) ; Škapa, Stanislav (advisor)
To sum up, Imperfect competitive markets are results of influence of various market factors. They consist of economies of scale, variety of legal restrictions, a high amount of production costs, a product differentiation, a territorial dispersion and an imperfect consumer awareness of the market. Firstly, the principal sorts of imperfect competitors are monopolies, oligopolies and monopolist competition. The ability to stipulate the price of a product is characteristic for these kinds of imperfect competitors. Thus they are called price-makers. These imperfect competitors deal with a diminishing demand curve, in other words there is a dependence of a price on the volume of production. Moreover, this ability is used to maximalize a profit. Referring to the imperfect competitor, the most common method of maximalizing the profit is price discrimination, therefore the company is able to divide its customers into several groups and stipulate a different price of a same product for each of them. Nevertheless, in practice due to above mentioned factors we run across the imperfect competition in most of the cases. In addiction, the imperfect competition might be considered as a theoretical state, which is very similar to share dealing in general.
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Do the Major League Baseball teams maximize performance or profits?
Šindelář, Jakub ; Bartoň, Petr (advisor) ; Koubek, Ivo (referee)
On the basis of model from paper Barrio and Szymanski (2009) I estimate if the teams are closer to their profit or performance maximizing positions. I found teams in MLB are in short run on average closer to their win maximizing position. Another interesting conclusion is there are almost no differences between clubs in open league system represented by Spanish and English football league and closed league system represented by Major League Baseball in profit maximizing choices. That means the closed league system which is usually used in North America does not help teams to maximize their profits. I examined club characteristics that might explain variations in teams maximizing choices and found that clubs, which are incorporated companies, are on average closer to their profit maximizing choices.
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Simplex algorithm in projecting the production
GUROVIČOVÁ, Eva
The aim of this thesis was to apply the simplex algorithm in designing the production. Simplex algorithm was used in the case study, which focused on the farm with crop and livestock production. Production is made up of grown crops and livestock. Maximization objective function was formed to gain (or loss) on commodity production. The intention was to break down plant and animal production in order to get the most efficient way to use the area sown, which allowed me a case study.
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