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A multiplicity of approaches to institutional analysis : applications to the government and the arts
Frey, Bruno S. - 2009
Four types of economicsʺ relevant for institutional analysis are distinguished: Standard Neoclassical Economics; Socio-Economics or Social Economics; New Institutional Economics; and Psychological Economics (often misleadingly called Behavioural Economics). The paper argues that an extension of...
Persistent link: https://www.econbiz.de/10003872188
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Pay as you go : a new proposal for museum pricing
Frey, Bruno S.; Steiner, Lasse - 2010
goals. The classical ones are entry prices and free entry. The museum club solution or exit donations allow for various … additional goals. Each scheme has clear advantages and disadvantages. We propose an innovative pricing instrument: Exit prices … better choice available to the visitors, which increases their satisfaction. -- prices ; museums ; culture ; donations ; homo …
Persistent link: https://www.econbiz.de/10003997593
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A call on Art investments
Kräussl, Roman; Wiehenkamp, Christian - 2010
prices are derived in an equilibrium setting as well as by replication arguments. In the former, option prices depend on the …
Persistent link: https://www.econbiz.de/10003947461
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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 multiple-job-holders than other professions; third,...
Persistent link: https://www.econbiz.de/10010201663
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Beyond the dogma of the fixed book price agreement
Ploeg, Frederick van der - 2003
given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and …
Persistent link: https://www.econbiz.de/10011507914
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An application of econophysics to the history of economic thought : the analysis of texts from the frequency of appearance of key words
Trincado, Estrella; Vindel, José María - 2015
This article poses a new methodology applying the statistical analysis to the economic literature. This analysis has never been used in the history of economic thought, albeit it may open up new possibilities and provide us with further explanations so as to reconsider theoretical issues. With...
Persistent link: https://www.econbiz.de/10011293521
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A Multiplicity of Approaches to Institutional Analysis : Applications to the Government and the Arts
Frey, Bruno S. - 2009
Four types of 'economics' relevant for institutional analysis are distinguished: Standard Neoclassical Economics; Socio-Economics or Social Economics; New Institutional Economics; and Psychological Economics (often misleadingly called Behavioural Economics). The paper argues that an extension of...
Persistent link: https://www.econbiz.de/10013157653
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The ‘Theory’ in Media Theory : The ‘Media-Centrism’ Debate
Flew, Terry - 2019
This paper considers the relevant weightings of 'media-centrism' and 'society-centrism' in theories of the media. Among the theories discussed are Stuart Hall's theory of hegemony, the debate between Raymond Williams and Marshall McLuhan about technological determinism, and theories of mediatization
Persistent link: https://www.econbiz.de/10012891722
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Superstar Uncertainty
Barnes, Spencer - 2020
Financial economists have long been interested in asset price uncertainty. Yet, causal estimates of price uncertainty are sparse. The art market, valued at $64 billion in 2019 and growing in financial importance, provides an opportunity to fill this gap. Specifically, this study examines the...
Persistent link: https://www.econbiz.de/10012822972
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Speculative Bubbles under Supply Constraints, Background Risk and Investment Fraud in the Art Market
Bernales, Alejandro - 2020
emerge and have the form of an option strangle (a put option and a call option), in which strike prices are affected by art … speculation is not necessarily increased art prices. This study not only contributes to the art market literature, but also to …
Persistent link: https://www.econbiz.de/10012850113