"Money for Nothing"? Die Preisbildung von Originalkunstwerken und Kopien
Quite a few economists hold the opinion that exorbitant prices paid for original works of art reflect an irrational cult made of unique pieces created by renowned artists; (close to) perfect copies would yield comparable benefits at a substantially lower price. The article gives reasons for the rationality of this seemingly irrational behavior and, among other things, explains the price difference between originals and their copies on a microeconomic basis. Copyright Verein fü Socialpolitik und Blackwell Publishers Ltd 2001
Year of publication: |
2001
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Authors: | Tietzel, Manfred |
Published in: |
Perspektiven der Wirtschaftspolitik. - Verein für Socialpolitik - VfS. - Vol. 2.2001, 1, p. 15-29
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Publisher: |
Verein für Socialpolitik - VfS |
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