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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.
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State enterprise
Koukal, Tomáš ; Horáček, Vít (advisor) ; Černá, Stanislava (referee)
The purpose of my thesis is to analyze the State Enterprise Act. The main aim is to describe the life of state enterprise from its foundation to its termination and to point out the major legal issues. My desire was to recommend some improvements to legal regulation of the state enterprise. My thesis is divided into several chapters, each of them dealing with different aspects of the state enterprise. The first theoretical chapter examines the question whether the state enterprise is a legal entity on the background of civil doctrine. The next chapter deals with the foundation process of the state enterprise. Who is authorized to create the state enterprise and what are the essential elements of the charter of foundation. It describes the process of signing into the Commercial Register and its legal impact. This thesis also provides a view to the relationship between the authorized representatives and the state enterprise. It shall answer the questions about the powers of governing bodies and their liability. The next part is devoted to the administration of state-owned property by the state enterprise. It examines the right of state to obtain the profit made by state enterprise. This chapter also deals with the public procurement related to the state enterprise. The last theoretical chapter...
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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.
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|
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State enterprise
Koukal, Tomáš ; Horáček, Vít (advisor) ; Černá, Stanislava (referee)
The purpose of my thesis is to analyze the State Enterprise Act. The main aim is to describe the life of state enterprise from its foundation to its termination and to point out the major legal issues. My desire was to recommend some improvements to legal regulation of the state enterprise. My thesis is divided into several chapters, each of them dealing with different aspects of the state enterprise. The first theoretical chapter examines the question whether the state enterprise is a legal entity on the background of civil doctrine. The next chapter deals with the foundation process of the state enterprise. Who is authorized to create the state enterprise and what are the essential elements of the charter of foundation. It describes the process of signing into the Commercial Register and its legal impact. This thesis also provides a view to the relationship between the authorized representatives and the state enterprise. It shall answer the questions about the powers of governing bodies and their liability. The next part is devoted to the administration of state-owned property by the state enterprise. It examines the right of state to obtain the profit made by state enterprise. This chapter also deals with the public procurement related to the state enterprise. The last theoretical chapter...
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