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American historians of modern art routinely assume that after World War II New York replaced Paris as the center of the western art world. An analysis of the illustrations in French textbooks shows that French art scholars disagree: they rate Jean Dubuffet as the most important painter of the...
Persistent link: https://www.econbiz.de/10012469560
In recent years, some English critics have claimed that Damien Hirst and his fellow young British artists have made London the new center of the advanced art world. As Hirst reaches the age of 40, this paper uses auction results to measure the importance of the YBAs compared to their American...
Persistent link: https://www.econbiz.de/10012466957
We use data from Reserve Bank of India to study the impact of India's Golden Quadrilateral (GQ) highway project on finance-dependent activity. Loan volumes increase by 20-30% in districts along GQ and are stronger in industries more dependent upon external finance. Loan growth begins with...
Persistent link: https://www.econbiz.de/10014337823
Psychologists have found that the age at which successful practitioners typically do their best work varies across professions, but they have not considered whether these peak ages change over time, as economic models suggest they might. Using auction records, we estimate the relationship...
Persistent link: https://www.econbiz.de/10012471672
We empirically analyze the illicit trade in cultural property and antiques, taking advantage of different reporting incentives between source and destination countries. We thus generate a measure of illicit trafficking in these goods based on the difference between imports recorded in United...
Persistent link: https://www.econbiz.de/10012465203
prominent. Auction market records reveal that during the past five decades the Yale School of Art has produced a series of …
Persistent link: https://www.econbiz.de/10012467533
argue that, to increase our understanding of the market for aesthetics, it is helpful to take a micro perspective on the … formation of art prices, and acknowledge that each artwork gives rise to a market for trading in its private-value benefits. We … organization of the art market for long-term price trends …
Persistent link: https://www.econbiz.de/10012458227
Nearly half of all transactions in the $5 trillion market for manufactured goods in the United States were … market shares and markups. Counterfactual analysis shows that despite increases in wholesaler market power and markups, scale …
Persistent link: https://www.econbiz.de/10014468236
Tiebout's classic 1956 paper has strong implications regarding stratification across and within jurisdictions, predicting in the simplest instance a hierarchy of internally homogeneous communities ordered by income. Typically, urban areas are less than fully stratified, and the question arises...
Persistent link: https://www.econbiz.de/10012461294
We present evidence that benefits from agglomeration concentrate within race. Cross-sectionally, the black-white wage gap increases by 2.5% for every million-person increase in urban population. Within cities, controlling for unobservable productivity through residential-tract-by-demographic...
Persistent link: https://www.econbiz.de/10012459728