Culture is more and more considered as an important driver of tourism. However, it is critical, for policymakers, to evaluate the potential returns from investments in culture and generally cultural offer, in particular in multiregion settings with a potentially inefficient distribution of...

This paper proposes an empirical analysis to establish the determinants of artist price heterogeneity. Using a unique dataset, which comprises all artwork sales occurred in Italy in the period 2006–10, and a novel econometric approach, we show that price heterogeneity is explained by...