Demand and Supply Determinants on the Property Market and Their Importance in Explaining Regional Differences There is growing interest in property prices and price trends at national and regional levels. The paper aims to find links between selected demand and supply determinants based on a panel regression of regional data during 2000-2017 and to contribute to further discussion of the role of these determinants. The main output of the paper is the identification of regional differences in the direction and strength of the influence of individual determinants on the flat price. Regional differences were identified in the midyear population, the number of inhabitants per completed flat, the number of applicants per job, the amount of household disposable income and the divorce rate. In Prague, the first three determinants were significant. The validity of the research is limited by the fact that some potentially significant data are not statistically monitored and data aggregated at the level of regions do not reflect local conditions. The output of the analysis shows determinants that explain the price variability and indicates unused economic policy instruments.

Purpose: To contribute to the discussion on the importance of the sense of fairness in the decision-making process according to the theory of rational inattention. Design: The study is based on an experiment where economically educated respondents state and justify the price at which they are willing to provide and accept help in an emergency. Findings: Most of the respondents are willing to provide and accept help. For the assistance provided, most would demand a significantly lower price than the maximum economic return defined by the known value of the commercial service. The respondents were repeatedly willing to pass on the pricing decision to the counterparty. Practical Implications: This behaviour in decision-making processes represents non-inclusion of a sufficient a priori knowledge as a determining factor in the selection of variants, which is a limitation in the cognitively limited modelling of economic subjects. Originality/Value: The results are based on the original experiment as an empirical basis and it is valuable because of the lack of experimental research in this domain. Limitations include the relatively small sample of respondents and, in terms of generalising the results, that they were students at a university of economics. JEL: D01, D11, D12, D14