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In this paper, we use a panel approach to study population growth in major cities around the world. We find that major …
Persistent link: https://www.econbiz.de/10010327183
financial centers and taking a closer look at the role of the arts among the variety of forms of cultural practices. Then the … thereby also perhaps their influence on the culture world: The ever-increasing proportion of financial decisions made in so …-called 'non-places' and the role of finance in a virtual world. …
Persistent link: https://www.econbiz.de/10010295611
The art market has seen boom and bust during the last years and, despite the downturn, has received more attention from investors given the low interest environment following the financial crisis. However, participation has been reserved for a few investors and the hedging of exposures remains...
Persistent link: https://www.econbiz.de/10010303744
A new heteroskedastic hedonic regression model is suggested which takes into account time-varying volatility and is applied to a blue chips art market. A nonparametric local likelihood estimator is proposed, and this is more precise than the often used dummy variables method. The empirical...
Persistent link: https://www.econbiz.de/10010281564
There are several striking peculiarities of the arts labor market that have attracted the attentions of researchers in … the last several decades: first is constant long run excess supply of arts labor; second, artists are more likely to be … paper we developed two dynamic models of an artist’s behavior and arts labor supply. In the first model proposed here an …
Persistent link: https://www.econbiz.de/10010322365
The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...
Persistent link: https://www.econbiz.de/10014560198
Die Weltwirtschaft expandiert derzeit in moderatem Tempo, wobei die Dynamik in den einzelnen Regionen recht unterschiedlich ist. Während die Konjunktur in den Vereinigten Staaten bis zuletzt kräftig war, befindet sich die Wirtschaft im Euroraum in einer Phase der Stagnation; im Vereinigten...
Persistent link: https://www.econbiz.de/10014506984
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