Häufig kann beobachtet werden, dass Konsumenten aufgrund unzureichender Produktinformationen den Preis als … Preis als Qualitätsindikator geeignet ist. Zum anderen wird auf Basis einer empirischen Untersuchung insbesondere analysiert …In the absence of sufficient information, it can often be noticed that consumers interpret the price of a product as a …

academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … approaches in theory and practice: Theory is dominated by quantitative studies that measure the effects of individual factors … is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three …