Itaya, Jun-ichi; Ursprung, Heinrich W. - 2021
How does an artist's death impact on the price of his or her works of art? We investigate this question in an infinite … behaviour of collectors and artists, we find that the art price remains at some well-defined "pseudo-competitive" level as long … as the artist is alive. Only when the artist unexpectedly dies, the price increases on impact. This so-called death effect …