"This book addresses the challenges surrounding the funding of the arts globally, the difficulty educators have faced in attempting to promote the fiscal support of the arts, particularly at the national, legislative level, and innovative ways to fund the arts. It contains resources to help...

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...

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...