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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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A critical price analysis on the imperfect competitive market
Bábel, Martin ; Procházková, Kateřina (referee) ; Škapa, Stanislav (advisor)
Perfect competition can be considered as a theoretical state. For this reason, this work is focused on the imperfectly competitive market and pricing in it. The aim is to investigate in more detail how specific companies with elements of monopoly use their position to determine the price for their product and price discrimination - they are so-called price makers. The work analyzes specific approaches to the pricing strategy of these companies.
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Impact of increasing returns to scale and imperfect competition on international trade in automotive industry: Czech republic - Germany intra-industry trade
Tomo, Ján ; Semerák, Vilém (advisor) ; Vukelić, Tatjana (referee)
This paper analyzes the impact of increasing returns to scale and imperfect competition in international trade with a focus on the automotive industry and trade between the Czech Republic and Germany in this sector . Because increasing returns to scale can not exist in perfect competition, they promote the differentiation of products and manufacturers attempt to differentiate their products from the others and get their share in international trade. This gives rise to intra-industry trade, where countries trade in similar goods that may differ either in quality or in completely different characteristics. These into detail analyzed theoretical bases I try to apply to a case study of mutual intra-industry trade between Czech Republic and Germany with a focus on the automotive industry, which makes up about a quarter of the Czech Republic industrial output, accounts for approximately ten percent of the gross domestic product, while exports of road vehicles represent about 17% of total exports. Germany as a major trading partner of the Czech Republic and the world's number one superpower in exports of machinery and transport equipment, imports a substantial part of the production of the Czech automotive industry and also exports its own products of the industry to the Czech Republic. This work aims to analyze...
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Factors affecting the price of a used car in Czechia
Dvořáček, Petr ; Polák, Petr (advisor) ; Šťastná, Lenka (referee)
The market of used cars in Czechia, generating an annual turnover over one hundred billion Czech crowns, is visited by hundreds of thousands of people a year and a similar number of used vehicles are sold there. This work tries to find and appropriately evaluate the main determinants that set the price of a used car in Czechia, and thus, among other things, increase buyers' awareness. Multiple linear regression (MLR) and the ordinary least squares (OLS) method were used to estimate coefficients indicating the effect of a given variable on the price. This study uses a unique dataset, which was obtained from the Czech online marketplace advertising used cars Sauto.cz, containing all available information about more than 55 thousand used cars from 34 different car manufacturers. According to the assumptions, the importance and negative effect of variables indicating the number of kilometers driven and the age on the price of the used car was confirmed. Other important parameters that, on the other hand, have a positive influence on the price of a used car are the elements of additional equipment. Higher price of used cars from German manufacturers compared to competing manufacturers was also confirmed and, conversely, cars from carmakers from America or Asia were found cheaper. As a huge number of...
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A critical price analysis on the imperfect competitive market
Bábel, Martin ; Procházková, Kateřina (referee) ; Škapa, Stanislav (advisor)
Perfect competition can be considered as a theoretical state. For this reason, this work is focused on the imperfectly competitive market and pricing in it. The aim is to investigate in more detail how specific companies with elements of monopoly use their position to determine the price for their product and price discrimination - they are so-called price makers. The work analyzes specific approaches to the pricing strategy of these companies.
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