6 research outputs found

    WILLINGNESS TO PAY FOR DEMAND RESPONSIVE TRANSPORT IN EAST SLOVAKIAN RURAL AREAS

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    The objective of this study was to investigate the feasibility of implementing a demand responsive transport system in the Košice and Prešov regions of East Slovakia. This was achieved through a willingness-to-pay survey conducted in six villages in the target regions. Two separate models were constructed based on the survey results to estimate the residents’ willingness to pay for trips to the nearest major city or the regional capital. The study revealed that the average willingness to pay for trips to the nearest LAU 1 (NUTS 4) administrative center was €0.86 per kilometer, while for trips to NUTS 3 administrative centers, it was €0.38 per kilometer. These findings suggest that demand responsive transport may be more suitable for shorter local journeys than for longer journeys. The study also identified several variables that affect the willingness to pay, such as the frequency and quality of the existing bus transit system and the use of other modes of transport. Additionally, this study highlights the potential benefit of demand responsive transport for residents with mobility impairments or those who travel alone

    On One Experimental Test of the Samaritan's Dilemma

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    The Samaritan’s dilemma problem is analyzed in the article. Based on the Buchanan’s model, the strategies formulated according to the classical decision theory criterions were considered. Here, the impact of all the decision strategies combinations was evaluated from the point of social desirability. Empirical analysis based on the experimental data is also provided

    Analysis of the Lead-Lag Relationship on South Africa capital market

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    Despite the efficient market hypothesis (EHM), lead-lag relationships can be observed mainly between financial derivatives and underlying asset prices, prices of large and small companies, etc. In our paper, we examined the lead- lag relationship between prices of open ended funds and an all-share index as a representative of the capital market. Along with more traditional methods of using cross correlations, partial correlation and Toda-Yamamoto causality tests, we also analysed the speed of adjustment of assets to their intrinsic values and identified the most prevalent lag using rolling time windows. The analysis was performed using data from the South Africa capital market

    Analysis of the Lead-Lag Relationship on South Africa capital market

    Get PDF
    Despite the efficient market hypothesis (EHM), lead-lag relationships can be observed mainly between financial derivatives and underlying asset prices, prices of large and small companies, etc. In our paper, we examined the lead- lag relationship between prices of open ended funds and an all-share index as a representative of the capital market. Along with more traditional methods of using cross correlations, partial correlation and Toda-Yamamoto causality tests, we also analysed the speed of adjustment of assets to their intrinsic values and identified the most prevalent lag using rolling time windows. The analysis was performed using data from the South Africa capital market

    ON RISKY BEHAVIOR IN BIMATRIX GAMES

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    The experiment engaging 50 participants was performed to model and identify the determinants of the players’ risky behavior. Here, a questionnaire and a bimatrix game containing the negative/zero payoffs were used to identify the players’ motives to play risky strategies. Besides the concrete form of the payoffs, the individual risk attitudes were also proved to be statistically significant for risky behavior of the players
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