Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We … discuss relevant recent literature, and illustrate the potential of this approach through a historical study of art price … organization of the art market for long-term price trends …

paper examines the relationship between sale rates and price surprises over time in art auctions. Using data on contemporary … strong positive relationship of sale rates to unexpected aggregate price changes, which is reminiscent of a Phillips curve … that sale rates revert to "normal" very quickly following a price surprise. We estimate an empirical model to measure …

The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in … improve at a rapid pace. Roughly coincident with the shift to slower price declines in the PPI, Intel — the leading producer … provide a more accurate measure of price change since then. Our preferred hedonic index of MPU prices tracks the PPI closely …

hedonic methods may overstate the price decline of personal computers. We model computers as a durable good and suppose that … the true price of computer services at the time the machine is purchased with the concurrent level of software. To assess … these theoretical results we estimate the model and find that before 2000 the hedonic price index constructed with BLS …

Using a unique and comprehensive data source, we measure price changes for Microsoft's desktop personal computer … on price measurement of pre-packaged software by incorporating important channels of distribution, such as volume … suites, into matched-model price indexes. Although there are differences over time periods and across products, we find that …

system actually works and what it indicates about price formation. First, we find that in recent years returns on art assets … the public record of the criminal trial of Sotheby's former Chairman, who was accused of price fixing, to show how the … effects of the auction institution on price formation. There is now considerable theoretical research on strategic behavior in …