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Pricing art and the art of pricing : on returns and risk in art auction markets

Li, Yuexin; Ma, Marshall; Renneboog, Luc - 2021

Persistent link: https://www.econbiz.de/10012592090

Understanding prices at art auctions : a conceptual framework for the auction price mechanism

Noll, Laura - 2022

academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three … ambiguities between theory and practice and elucidate the role of marketing for auction prices. The result is a conceptual …

Persistent link: https://www.econbiz.de/10013450820

Re-thinking market failure in the light of the imperfect state

Fabella, Raul V.; Fabella, Vigile Marie - 2015

We propose a formal re-definition of the concept market failure based on the idea of the imperfect state. In the Neo-classical taxonomy, a decentralized regime of exchange is a market failure if its laissez faire equilibrium solution is welfare-dominated by a technically feasible alternative. If...

Persistent link: https://www.econbiz.de/10010530527

Impact evaluation and welfare evaluation

Harrison, Glenn W. - In: The European journal of development research : journal … 26 (2014) 1, pp. 39-45

Persistent link: https://www.econbiz.de/10010356384

Mark Blaug on the normativity of welfare economics

Hands, Douglas Wade - In: Erasmus journal for philosophy and economics : EJPE 6 (2013) 3, pp. 1-25

Persistent link: https://www.econbiz.de/10010350212

Priority for the worse off and the social cost of carbon

Adler, Matthew D.; Anthoff, David; Bosetti, Valentina; … - 2016

The social cost of carbon (SCC) is a monetary measure of the harms from carbon emission. Specifically, it is the reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO2. The standard approach is to calculate the SCC using...

Persistent link: https://www.econbiz.de/10011518115