undesirable behavior. Parents want the best for their children. Still, they weigh the marginal gains from socializing their …Societies socialize children about sex. This is done in the presence of peer-group effects, which may encourage … children against its costs. Churches and states may stigmatize sex, both because of a concern about the welfare of their flocks …

pressure index (EMPI) as a measure of regional vulnerability. We find that a high level of regional external liabilities and …

for reading or listening enjoyment may damage the production of world literature and in this respect make us all worse off … one particular language hurts the production of literature directly, because variety of languages of origin is enriching … language to invest in their own talents. "Literature" in the paper refers to earlier production of imaginative works which …

a royalty based on the resale price of an original work of art. This paper provides an empirical analysis of actual … changes in the UK auction market for art that is subject to the Droit de Suite (DDS), relative to changes for art not subject … to the DDS, and also relative to changes in the auction markets for art in countries where there has been no change in …

This Paper contains a review of the burgeoning research that has been designed to shed light on how the art auction … system actually works and what it indicates about price formation. First, we find that in recent years returns on art assets … correlation between art asset returns with other returns, there may be a case for the inclusion of art assets in a diversified …

returns for unique, infrequently traded assets such as houses, art, and musical instruments which are likely to be prone to … exhibit serial correlation in returns. We demonstrate our methodology on a dataset of art prices and on a dataset of real …

The failure of many paintings to sell in art auctions indicates the presence of reserve prices set by sellers. This … paper examines the relationship between sale rates and price surprises over time in art auctions. Using data on contemporary … and impressionist art, we show that while sale rates appear to have little relationship to current prices, there exists a …

Roger de Piles (1635-1709) was a French art critic who decomposed the style and ability of each artist into areas of … artists that he rated achieved comparable returns to other art indices. …

This paper tests for reference dependence, using data from Impressionist and Contemporary Art auctions. We distinguish …