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Influence of domestic and foreign economic events on viewership of TV news in Czech republic
Procházka, Jan ; Stroukal, Dominik (advisor) ; Tříska, Dušan (referee)
This work represents the research of television audience of news programs in Czech Republic during the years 2008 to 2013 in order to capture the possible preference for specific viewers areas of economic events, or information. For the needs of econometric time-series analysis is assembled basic model, which is individually applied to a total of five time series of news programs. Econometric estimates suggest that key events increasing viewership of Czech news programs are riots and demonstrations in the territory of Czech Republic, with a positive effect on the ratings of up to 4.1%, or home catastrophic events that increase viewership up by 4.6%. The world macroeconomic events showed the negative effect of up to 2.4% for viewership of television news.
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Gender differences in competitiveness in the case of distance runners in the Czech Republic
Kouklík, Jakub ; Stroukal, Dominik (advisor) ; Tříska, Dušan (referee)
Contemporary literature says that women are less competitive than men. In this thesis I find out if this is the case even in an environment of elite Czech distant runners. Statistical and econometric methods applied to the data from the years 2006-2013 reveal significant differences between the sexes across all distances from 1 500 meters to marathon. These are the highest in the longest distances when Czech men run marathons five times faster than Czech women. Furthermore, I show that the gender gap in competitiveness remains constant on the track races, but in the road racing is declining. And because the acceleration among women occurs primarily in the lower ranks of the elite, it is concurrently valid "biological-predisposition" hypothesis, which is based on a constant differences between men and women due to biological differences, and "economic-incentive" hypothesis, according to which the differences is decreasing due to increasing returns of success in the form of the same financial rewards for winning. Completely fastest women act according to the first-mentioned, next best female runners according to the second. Finally, I suggest that growing quantity of women in road races plays substantial role in the women's approaching to men.
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Economics of Discount Portals
Boušková, Veronika ; Hudík, Marek (advisor) ; Tříska, Dušan (referee)
This thesis examines the effect of various factors on the sale of vouchers of group buying deals. The data for the analysis were collected from the website Slevomat for four weeks. The observation was performed daily at 8 a.m., 4 p.m., 12 a.m. Based on the existing literature and theoretical considerations, six hypotheses were formulated, three of which turned out to be consistent with the data. It was confirmed, that the decrease in time remaining till the end of the offer induces bigger amount of vouchers sold per time period. Positive reviews and the fact that the offer is displayed on the main page of Slevomat also positively influence the number of sold vouchers. The influence of the amount of earlier sold vouchers on the present purchases ("bandwagon effect") and of the size of the relative or absolute discount was not found. The "Monday effect", according to which sales should be lower at the beginning of the week, was also disproved.
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Studie zabývající se dopady nové bankovní regulace na cykličnost kapitálových požadavků v České Republice
Bartůsek, Michal ; Chytil, Zdeněk (advisor) ; Tříska, Dušan (referee)
This work focuses on new regulatory proposals, primarily Basel III accords and analyzes its ability to create a buffer for recurrent credit bubbles. This paper follows a research made by Lis, Pagés and Saurina [2000]. Their paper has illustrated the cyclicality of loan growth and GDP growth for Spain. This cyclicality is supported by cyclical Basel II regulation. In this paper is examined the ability of new regulatory proposals such as Basel III, statistical provisions and change in the approach to the probability of default, to cope with recurrent credit bubbles. According to my critical assessment, Basel III may not be able to create sufficient capital buffer for exceptional credit bubbles such as the current one. This buffer suggested by Basel III has several drawbacks which may decrease its functionality. Statistical provision is not an appropriate measure either, because it could weaken the fair and true view of financial statements principle. Change in approach to probability of default seems to be rational and effective. The only issue may relate to its recovery mechanisms. It doesn't support economic growth in time of economic recession. The author's proposal of new countercyclical buffer, which would be based on credit-to-GDP ratio and GDP growth to loan growth gap is introduced at the end of this work. Although this measure may have negative impact on GDP growth, it may create an appropriate buffer to systematic credit risk.
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Dispute over the plausibility of rational choice theory
Rak, Ondřej ; Lipka, David (advisor) ; Tříska, Dušan (referee)
Many critics of rational choice theory aim at unrealistic psychological assumption of this theory. To what extent is this kind of critic relevant? If we analyze the formalized scheme of choice than we will find difficult to interpret this scheme as psychological theory that develops intentional explanations. We should rather understand this theory as a theory developing causal explanations that are generated by the structure of surrounding. Intencionality in this theory is only a auxiliary tool and the explanation is made in terms of structure, not in terms of mental states. From this perspective most of the critic aim at wrong target.
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Does exchange rate influece petrol price?
Malafová, Hana ; Stroukal, Dominik (advisor) ; Tříska, Dušan (referee)
This paper tries to find a relationship between retail price of gasolin and Exchange rate of USD. For analysis uses monthly data for period of 1/2000-4/2012 for three states of European union: Czech republic, Hungary and Republic of Poland. Variables for this model are exchange rate of USD and domestic currency, crude oil price, average income and season. Even with problems, which models have, they assure about fundamental influence of crude oil on retail gasoline price and bring into discussion the influence od USD for small open economies, which are not able to influence the crude oil price by themself. According to results 1% change will cause 0,73% change in detail gasoline price for Czech, 0,72% change for Hungary and 0,13% for Poland. Furthermore the paper examines connection between exchange rate of EUR and gasoline prices in all countries, but fails to prove it.
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Use of Input-Output analysis on the microeconomic level
Šafr, Karel ; Potužák, Pavel (advisor) ; Tříska, Dušan (referee)
This bachelor thesis considers possibility of using IO analysis for modelling of regulatory impact. First it is focused on explanation of deriving IO models. Then the way of integrating regulation into IO theory paradigm is suggested and it is used in case study of Teplárna Strakonice a.s.( Heating plant Strakonice) which ilustrates the problem of regulation with planned price increase of emission charge and coal. Results show that modified IO model with regulatory matrix applied on this particular company predicts lower impact of price increasing than other commonly used regulatory models.
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Are there twin deficits in the economy of the Czech republic?
Kužmová, Alexandra ; Kubíček, Jan (advisor) ; Tříska, Dušan (referee)
The aim of this master thesis is to empirically validate "hypothesis of twin deficits", resulting from Mundell-Fleming model, in the Czech Republic in years 1999-2010. The econometric method used was VAR models and Impulse Response Functions based on these models. Analysis proved that as a result of government deficit increase, through exchange rate appreciation, the balance of foreign trade deteriorates. Another fact discovered is that people are partially behaving as described by Ricardo-Barro equivalence. Their reaction on increased government deficit is increase of their personal savings as well as consumption. But increase of personal savings is not sufficiently compensating the deficit in government budget. Similar results were achieved also in analysis of government spendings.
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Determinants of price for resold ski passes
Volštátová, Ivana ; Bolcha, Peter (advisor) ; Tříska, Dušan (referee)
The aim of this work is to investigate, what factors and how much influence the price of unused ski passes, which are sold to other visitors in the ski areas by resellers. Based on four-day observation with skiers personal interviewing in various ski areas, was found information about the price of unused ski passes and other circumstances, with possible impact on the prices, which were sold by resellers. From the price of resold ski passes, was always deducted a deposit for the chip pass, and calculated the relative difference of reseller prices and cash prices, in order not to affect different cash prices in different areas. Conlusions by hypotheses says that a significant influence on resellers' decision about the price of ski passes has time, the queue length of the main ski lift and age of the resellers. Based on the data used only as a supplemental on-line questionnaire, was found that more than 90% of respondents belonging to visitors of the ski area knew about the possibility of ski passes reselling at the moment of purchasing all-day lift pass, and for more than 70% respondents it is possible to believe they bought the resoled ski passes for this reason.
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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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