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This paper surveys from an economic standpoint a number of important legal issues that influence the market for art, which include the creation, sale, valuation, maintenance and, in some instances, the destruction of works of art. We show that the important legal doctrines that bear on the...
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Benjamin Klein and Keith B. Leffler (1981), 'The Role of Market Forces in Assuring Contractual Performance', Journal of Political Economy, 89 (4), August, 615-41 -- I.P.L. Png and David Reitman (1995), 'Why Are Some Products Branded and Others Not?', Journal of Law and Economics, XXXVIII (1),...
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