The authors' approach to the ethical and political aspects of inter-temporal interactions is the following: 1) Two representative agents Ra and Râ are analyzed and asymmetries in their wealth and voting powers are dealt with by a the text-book tool of a welfare function - its intra and...

This article provides a summary of the refining industry development in the Czech Republic. It attempts to estimate tariffs charged by national transport company MERO and compare them with tariffs charged by other East European transit countries. National energy security in the matter of crude...

Príspevok sa zaoberá energetickou politikou EÚ, jej dokumentmi a energetickým mixom tohto spoločenstva. Globálny dopyt po energiách narastá veľmi rýchlo. Ceny ropy ostávajú neustále na vysokých úrovniach a s výnimkou Arktídy sa neočakávajú objavy nových nálezísk pre...

In most industrialized countries, renewable energy is supported by policy schemes burden of which is distributed among taxpayers and energy consumers. Renewable sources of energy face a major problem because of their intermittency and that has not been adequately reflected in the discussions of...

Napriek tomu, že v súčasnosti sa pozornosť vedeckej, ale aj širokej verejnosti obracia k finančnej kríze, problematika environmentálnych otázok a predovšetkým klimatických zmien je z dlhodobého hľadiska veľmi dôležitá. Autorka sa vo svojom príspevku zaoberá environmentálnymi...

The submitted paper is focused on the evaluation of the Common Agriculture Policy impact on economic results of Czech organic farmers. The aim of the paper is a complex evaluation of the influence of subsidy on production, costs, profit and technical efficiency of organic farms. The partial aim...

This paper addresses the issue of project standby capacity optimization for capital budgeting. A detailed analysis and case study show that this is a particular real-option based situation, which solicits the use of statistical simulation. The method can be recommended as a useful heuristic for...

The paper deals with yield curve construction methods using coupon bonds in Czech bond market. Generally, there are more possibilities how to approach this problem: bootstraping, splines, parametric functions. Due to the lack of tradable public bonds and due to the fact that existing bonds do...