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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

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

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

Strategic Choice Handicaps when Females Pay the Cost of the Handicap

Nöldeke, Georg; Samuelson, Larry - University of Bonn, Germany - 2001

We examine a strategic-choice handicap model in which males send costly signals to advertise their quality to females. Females are concerned with the net viability of the male with whom they mate, where net viability is a function of the male's quality and signal. We identify circumstances in...

Persistent link: https://www.econbiz.de/10004968337

New elements in global architecture of isurance markets

Ducháčková, Eva; Daňhel, Jaroslav - In: Politická ekonomie 2006 (2006) 3

This article is dealed about the requirements on new architecture of financial markets, namely for banking and insurance market. The principles of Basel II and Solvency II are discussed. The second part of article concerned with quality changes in comercial insurable risk and financial decesion...

Persistent link: https://www.econbiz.de/10005036623

"Morální hazard" a "nepříznivý výběr" při maximalizaci pravděpodobnosti ekonomického přežití / Moral hazard and adverse selection when survival probability is maximized [available in Czech only]

Hlaváček, Jiří; Hlaváček, Michal - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

This paper analyses problems within the asymmetric information models (principal agent models) where we replace standard assumption of maximisation of expected income by maximisation of probability of economic survival. This paper concentrates on two basic models- adverse selection model and...

Persistent link: https://www.econbiz.de/10005698674