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Equilibrium Development of Housing Prices in the Czech Republic

Hlaváček, Michal; Komárek, Luboš - In: Politická ekonomie 2010 (2010) 3, pp. 326-342

This article, based on an empirical analysis, discusses factors affecting property prices and tries to identify periods of property price overvaluation in the Czech Republic. To achieve this, the article uses both relatively simple approach using ratios related to the house prices (e.g....

Persistent link: https://www.econbiz.de/10008553108

Equilibrium Rent and Housing Policy Implications

Lux, Martin; Sunega, Petr - In: Czech Journal of Economics and Finance (Finance a uver) 53 (2003) 1-2, pp. 31-59

Housing-policy research in European Union countries distinguishes between two kinds of rent control: non-targeted ""first-generation"" rent control and targeted ""second-generation"" rent control, the later which better reflects housing market relations. The article demonstrates the drastic...

Persistent link: https://www.econbiz.de/10008495754

The Sustainability of House Price Trends in the Czech Republic

Lux, Martin; Sunega, Petr - In: Politická ekonomie 2010 (2010) 2, pp. 225-252

On the background of current global mortgage crisis the article discusses the housing market theory and particularly the methods and indicators used for the evaluation of long-term sustainability of house price trends. The authors provide the time series of such indicators for selected OECD...

Persistent link: https://www.econbiz.de/10008577446

Application of Combinatorial Auctions on Allocation of Public Financial Support in the Area of Environmental Protection: Economic Laboratory Experiment

Fiala, Petr; Šauer, Petr - In: Politická ekonomie 2011 (2011) 3, pp. 379-392

auctions on the case of providing financial support (capital investment subsidies) to polluters. Combinatorial auctions are … those auctions in which bidders can place bids on combinations of items. The advantage of combinatorial auctions is that the … and realize common capital investment projects. The common model of combinatorial auctions is described first in the paper …

Persistent link: https://www.econbiz.de/10009147148

Managing quality of the educational process

Cahlík, Tomáš; Marková, Jana - In: Politická ekonomie 2009 (2009) 1, pp. 3-20

Results of a survey concerning the importance of quality management of the educational process among high officials of Czech universities and colleges are summarized in this article. Three of possible methods of quality management in the educational process are described here: Standardization...

Persistent link: https://www.econbiz.de/10005258340

Transactions cost and boundary of the firm

Vitík, Robert - In: Ekonomika a managment 2008 (2008) 3

This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the firm by the view of the new institutional economics. In the first part, author presents resources and presumptions of the TCT mainly by O. E. Williamson. The theory is based on...

Persistent link: https://www.econbiz.de/10009401149

Learning from Errors

Martinez-Legaz, Juan Enrique; Soubeyran, Antoine - Departament d'Economia i Història Econòmica, … - 2003

We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent rejects not only that action but also neighboring actions. We find that, keepng memory of his errors, under mild assumptions an acceptable solution is asymptotically reached....

Persistent link: https://www.econbiz.de/10005572182

Can Redistribution Enhance the Competitiveness of an Economy?

Gočev, Petr - In: Politická ekonomie 2010 (2010) 6, pp. 805-813

The article contests an argument that the creation of a capital market in educational "human capital" and subsequent voluntary transactions on this market are sufficient to create equal opportunities in education, consequently reducing the income premium enjoyed by households with higher initial...

Persistent link: https://www.econbiz.de/10009294039

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Bican, Vítězslav - In: Ekonomika a managment 2010 (2010) 4

This article deals with the issues of different theoretical approaches to education. Education is seen as a tool, how to distinct different marginal productivities of employees. We start from the fact of an information asymmetry on the labour markets, asymmetry between employers and potential...

Persistent link: https://www.econbiz.de/10009398915

Asymmetric information in managing agricultural production risk

Špička, Jindřich - In: Ekonomika a managment 2010 (2010) 2

The aim of the paper is to apply a theory of asymmetric information to managing production risk in agriculture. The second part of the paper is devoted to the tools for reducing the information asymmetry - parametric products (weather derivatives, index insurance). The results are based on...

Persistent link: https://www.econbiz.de/10009401145