Çevik, Emrah; Atukeren, Erdal; Korkmaz, Turhan - In: Empirical Economics 45 (2013) 2, pp. 675-695
This study investigates the presence (or lack thereof) of nonlinear dynamics and nonstationarity in international art market prices using quarterly data for the period 1990–2011. We first test whether art market price indices follow stochastic trends or whether they are stationary by means of...
