A Competition on Market with Protection
|Author:||Bc. Jakub Koubele|
|Year:||2015 - summer|
|Leaders:|| doc. PhDr. Martin Gregor Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||The aim of this thesis is to model a market with protection, where protection providers can compete for
their clients by price competition, but also by military forces. Besides the analytical approach, we
examine an agent-based computational model which simulate market with protection. We found out that
ability of protection providers to take into account the long-term impact of their actions is necessary
condition for emergence of tax competition, and we also described how various factors can influence
behavior of protection providers.