1,721,011 research outputs found
The “Right” Price for Art Collectibles: A Quantile Hedonic Regression Investigation of Picasso Paintings
No full textCapitale umano e indici di lettura al tempo della crisi
No full textIl saggio analizza il legame tra indici di lettura e tasso di crescita della produttività del lavoro nelle regioni italiane, utilizzando una pluralità di tecniche econometriche. Nel periodo analizzato, 1995-2016, si evidenzia un indebolimento del legame tra le grandezze in questione, legato alle modifiche delle abitudini di lettura e conoscenza (meno legata al tradizionale supporto cartaceo), alle conseguenze delle crisi economiche che hanno segnato il sistema economico nazionale e alle diverse, se non divergenti, traiettorie socio-economiche delle regioni italiane
Survival in the Cultural Market: The Case of Temporary Exhibitions
No full textRimini Centre for Economic Analysis WP Serie
Read the book and see the film?:the consumption of different versions of cultural goods
Full text linkTo fake or not to fake: An empirical investigation on the fine art market
Full text linkAlthough carefully debated in the legal, aesthetic, and philosophical perspectives, the impact of fakes on the art market has been often overlooked by the economic literature. This paper offers a novel perspective on this issue by investigating the effects of the detection of several Alberto Giacometti’s forged sculptures. Using this exceptional quasi-experiment, the aim of the paper is to analyze whether a specific fake detection persistently influences the prices of a market segment or only exerts a short run effect. The Interrupted Time Series Analysis is adopted to evaluate the impact of fakes across percentiles of the return distribution, accounting for the overall trend in sculpture sales over the period 2000–2015. The empirical evidence shows that in the short run different dynamics emerge across percentiles, but in the medium run fake effects on returns are neutralized
Sample Selection Bias and Time Instability of Hedonic Art Price Indexes
Full text linkThe uniqueness of art objects need to be taken into account in the construction of any
art market price index. Yet the most widely used methods typically rely on biased samples,
discarding a very large proportion of the information available (the repeated sales approach) and/or
require strong assumptions regarding the structure and time stability of the market (the hedonic
regression approach). In this paper a refined hedonic index is developed that explicitly addresses
these problems. An empirical illustration comparing these methods is presented using a dataset of
symbolist paintings appearing at auction over the period 1990-2001
- …
