academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … approaches in theory and practice: Theory is dominated by quantitative studies that measure the effects of individual factors … is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three …

not ‘fix the price or the method of determiningit'. The provision is thus meant — as are the following Art 6:105 and 6 …

We study price determinants and investment performance of art based on a vast sample of transactions around the world … reached for paintings at high-end of the price distribution, for oil paintings, for more recent art movements, for …

We investigate the nature of price competition among firms that produce differentiated products and compete in markets … that are limited in extent. We propose an instrumental variables series estimator for the matrix of cross price response …