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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w20440 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w20440 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578113 |
推荐引用方式 GB/T 7714 | William Goetzmann,Elena Mamonova,Christophe Spaenjers. The Economics of Aesthetics and Three Centuries of Art Price Records. 2014. |
条目包含的文件 | 条目无相关文件。 |
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