Cieľom predkladaného príspevku je objasniť niektoré z kľúčových prvkov kreatívneho priemyslu. Hoci význam kreatívneho priemyslu rastie, nie je mu venovaná dostatočná pozornosť. V článku rozoberáme vymedzenie kreatívneho priemyslu a jeho vzťah k duševnému vlastníctvu a...

Using a sample of European abstract art we show that reservation prices constrain pre-auction estimates in such a way that we are more likely to observe overestimation relative to the midpoint of the estimation window. At the same time, we also find that the low pre-auction estimate is a more...

The poor performance of traditional asset classes in recent years has driven the search for greater investment into alternative asset classes. The desire to reap higher risk adjusted returns from diversification into assets which offer low and even negative correlation with equities and bonds...

The United States experienced merger waves of unprecedented proportions during the 1980s and 1990s. After mapping the resulting relocation of corporate headquarters among metropolitan areas, this article investigates how relocations affected the financial status of leading American symphony...

This paper examines distributional effects of services provided by the Irish public service broadcaster, RTE. Conditional probabilities of usage of, satisfaction with, willingness to pay for and perception of improvement of, RTE's broadcasting services are estimated. Flat licence fee funding...

Irish public service broadcasting faces enhanced domestic and international competition and, increasingly the Irish public service broadcaster (RTE) is being called upon to justify the scale of the television licence fee, its major source of funding. This paper describes the first nationwide...

This study examines dynamics among the art, Japanese land, Japanese and U.S. stock market prices during the sample period from 1976 to 1998. We find that the Japanese land prices caused both art and Japanese stock prices to co-move during the sample period. We interpret this finding as...

A number of inefficiencies in the art market stress the fact that art remains a highly risky investment. The art market is characterized by high illiquidity, inefficient market information, high transaction costs, long transaction time and the absence of a hedging mechanism. Therefore, unlike...

The increasing portion of individuals' wealth in art sets the stage for art-backed lending services. Considering widely used credit default swaps, the paper applies the structure to art-backed loans and develops an extensive pricing model for the derivatives contract, explicitly taking art...

This paper undertakes to give a reading of Mary Johnston's 1908 historical novel entitled Lewis Rand. The novel tells the story of a young Virginia man who receives a Jeffersonian education - literally - Lewis Rand is educated by Thomas Jefferson quot;in person.quot; The young man later breaks...