G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7124
DP7124 Business Cycles in the Euro Area
Lucrezia Reichlin; Domenico Giannone; Michele Lenza
发表日期2009-01-23
出版年2009
语种英语
摘要The Droit de Suite, known in the UK as Artists? Resale Rights, provides an artist with the inalienable right to receive a royalty based on the resale price of an original work of art. This paper provides an empirical analysis of actual changes in the UK auction market for art that is subject to the Droit de Suite (DDS), relative to changes for art not subject to the DDS, and also relative to changes in the auction markets for art in countries where there has been no change in law. We do a difference-in-difference analysis, differencing price growth and sales growth across market segments and across countries over the period 1996 to 2007. Our results suggest that the introduction of the DDS has not had a negative impact on the UK art auction market.
主题Industrial Organization
关键词Art Artists resale rights Auction Droit de suite
URLhttps://cepr.org/publications/dp7124
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535961
推荐引用方式
GB/T 7714
Lucrezia Reichlin,Domenico Giannone,Michele Lenza. DP7124 Business Cycles in the Euro Area. 2009.
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