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Econometric analysis of volatile art markets
Bocart, Fabian Y. R. P.; Hafner, Christian M. - 2011
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
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Rechtsvereinheitlichung beim "droit de suite"? Ökonomische Analyse des Richtlinienentwurfs der Europäischen Kommission
Schmidtchen, Dieter; Koboldt, Christian; Kirstein, Roland - 1997
Der Richtlinienentwurf der EU-Kommission zur europaweiten Einführung eines Folgerechts auf Kunstwerke ist dazu gedacht, die öknomische Lage junger Künstler zu verbessern. Eine einfache preistheoretische Überlegung zeigt jedoch, daß dieses Ziel verfehlt werden dürfte. Außerdem analysiert...
Persistent link: https://www.econbiz.de/10010296942
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Do Artists Benefit from Resale Royalties? An Economic Analysis of a New EU Directive
Kirstein, Roland; Schmidtchen, Dieter - 2000
According to a new European Union directive, artists, whose works are resold, are entitled to a share of the sales price. The principal aim of this initiative is to let the artists participate in the economic success of their work. Our analysis shows that the new directive is most likely to...
Persistent link: https://www.econbiz.de/10010296957
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Culture and finance in a globalised world – An uneasy relation
Reszat, Beate - 2000
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
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A call on Art investments
Kraeussl, Roman; Wiehenkamp, Christian - 2010
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
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Urheberrecht zwischen Kreativität und Verwertung: Transnationale Mobilisierung und private Regulierung
Dobusch, Leonhard; Quack, Sigrid - 2010
Im Zuge der wachsenden ökonomischen Bedeutung von Wissen sowie technologischer Veränderungen durch das Internet ist die Regulierung von Eigentums- und Nutzungsrechten an nicht stofflichen Gütern vermehrt zum Gegenstand transnationaler Auseinandersetzungen geworden. Wurden diese Konflikte...
Persistent link: https://www.econbiz.de/10010301025
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Audio-visual services: International trade and cultural policy
Doyle, Gillian - 2012
The audiovisual sector is a significant component of the economy in terms of wealth creation and employment and audiovisual industries also play an important cultural role. This study reviews the main forces driving patterns of trade in audiovisual (mainly television and film) and identifies key...
Persistent link: https://www.econbiz.de/10010397250
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Auf dem Weg zu einem Urheberrecht für das 21. Jahrhundert: Ideen für eine zukünftige Regulierung kreativer Güter
Kreutzer, Till - In: Wirtschaftsdienst 92 (2012) 10, pp. 699-705
weiterzugeben, als dies noch vor 50 Jahren der Fall war. Das Urheberrecht kann die Rechteinhaber derzeit nicht effektiv schützen. Es …The article describes the challenges of copyright protection in the digital world. Starting from the observation that …
Persistent link: https://www.econbiz.de/10010290901
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A development analysis of the proposed WIPO treaty on the protection of broadcasting and cablecasting organizations
Munoz Tellez, Viviana; Waitara, Andrew Chege - 2007
Persistent link: https://www.econbiz.de/10012490783
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Oversupply of Labor and Other Peculiarities of Arts Labor Market
Popović, Milenko; Ratković, Kruna - 2013
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