Economics of the arts : selected essays

Bibliographic Information

Economics of the arts : selected essays

edited by Victor A. Ginsburgh, Pierre-Michel Menger

(Contributions to economic analysis, 237)

Elsevier, 1996

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Includes bibliographical references

Description and Table of Contents

Description

The economics of art markets is an area open to econometricians, theorists, economic (and of course art) historians, labour economists, and students interested in the economic analysis of legal problems. This volume covers a large number of issues including auction anomalies, the management of museums, the excess supply of labour in the performing arts, the economic analysis of property rights and art thefts, and investment in artworks. It also discusses what can be learnt from history on the behaviour of collectors and on prices of originals with respect to copies. The coverage of topics reflects the expansions of markets for artworks during the 1980s, as well as the increasing number of discussions on the legal foundations, and property rights of arts-related organisations. During the preceding decade, research on the economics of the arts was much more characterised by issues related to the organisation and the financing of the performing arts industry, with the seminal contributions by Baumol and Bowen and Peacock. Though some important contributions are still being made to this more policy-oriented field, research has, as in many other areas of economics, shifted to less normative work.

Table of Contents

  • List of contributors. Introduction. Quantitative methods in the analysis of 17th century Dutch inventories (J.M. Montias). Pricing invention: "Originals," "Copies," and their relative value in seventeenth century Netherlandish art markets (N. De Marchi, H.J. Van Miegroet). How costly is the fall from fashion? Survivorship bias in the painting market (W. Goetzmann). On long--run price comovements between paintings and prints (C. Czujack, R. Floc
  • res Jr., V. Ginsburgh). Price anomalies at auction: Evidence from the market for modern prints (J. Pesando, P.M. Shum). Auction theory and practice: Evidence from the market for jewellery (O. Chanel, L.--A G--Varet, S. Vincent. Experimental examination of the declining--price anomaly (C. Keser, M. Olson). The economics of legal disputes over the ownership of works of art and other collectibles (W. Landes, R. Posner). A colloquy about art museums: Economics engages museology (W. Grampp). Culture--economic analyses of art museums: a British curator's viewpoint (P. Cannon--Brookes). Special exhibitions and festivals: Culture's booming path to glory (B.S. Frey, I. Busenhart). Economics of training artists (R. Towse). Disaggregated earnings functions for artists (D. Throsby). Work and compensated unemployment in the performing arts. Exogenous and Endogenous uncertainty in artistic labour markets (P.--M. Menger, M. Gurgand).

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Details

  • NCID
    BA29155341
  • ISBN
    • 0444824022
  • Country Code
    ne
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    Amsterdam ; New York
  • Pages/Volumes
    xxiv, 381 p.
  • Size
    24 cm
  • Classification
  • Parent Bibliography ID
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