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来源类型Working Paper
规范类型报告
DOI10.3386/w20440
来源IDWorking Paper 20440
The Economics of Aesthetics and Three Centuries of Art Price Records
William Goetzmann; Elena Mamonova; Christophe Spaenjers
发表日期2014-08-28
出版年2014
语种英语
摘要Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We argue that, to increase our understanding of the market for aesthetics, it is helpful to take a micro perspective on the formation of art prices, and acknowledge that each artwork gives rise to a market for trading in its private-value benefits. We discuss relevant recent literature, and illustrate the potential of this approach through a historical study of art price records between 1701 and 2014. Our newly constructed series also points to the importance of developments in the industrial organization of the art market for long-term price trends.
主题Microeconomics ; Market Structure and Distribution ; Financial Economics ; History ; Other ; Culture
URLhttps://www.nber.org/papers/w20440
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578113
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GB/T 7714
William Goetzmann,Elena Mamonova,Christophe Spaenjers. The Economics of Aesthetics and Three Centuries of Art Price Records. 2014.
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