Media and academic attention to the art market has mostly focused on the high end, composed of famous auction houses and a few well-known international dealers. In this paper, we use a newly developed database to examine the industry structure and location patterns of the broader New York art...

Over the past 20 years, California has made substantial investments in intra-metropolitan passenger rail infrastructure, expanding existing systems and building new ones. According to advocates of New Urbanism, such investment should encourage the growth of mixed-use transit-oriented...

Social scientists studying the disadvantages of poor urban neighborhoods have focused on the quality of publicly provided amenities. However, the quantity and quality of local private amenities, such as grocery stores and restaurants, can also have important quality of life implications for...

Affluent neighborhoods present a potentially attractive location for retail establishments because of their higher purchasing power and demand for a wide range of specialized goods and services. However, if high income households perceive retail in general – or certain types of retail,...

Many local governments are adopting inclusionary zoning (IZ) as a means of producing affordable housing without direct public subsidies. In this paper, we use panel data on IZ in the San Francisco metropolitan area and Suburban Boston to analyze how much affordable housing the programs produce...

Art galleries serve several important functions within the art industry. Economically, galleries are loci of arts consumption, generally focusing on visual arts such as painting and sculpture. If artists visit galleries to learn about their peers’ work, galleries may also contribute to...

type="main" <title type="main">ABSTRACT</title> <p>Most research on the art market focuses on the high end, composed of auction houses and a few well-known dealers. In this paper, we use a new database to examine the industry structure and location patterns of the New York art market, which consists largely of small,...</p>

The art market is famous – or notorious – for auctions at Sotheby's and Christie's at which works by well-known artists are sold for stratospheric prices. Researchers have argued that such prices are volatile and unpredictable based on economic fundamentals, implying that at least some...