Due to the constantly growing interest in alternative investments, the art market has become the subject of numerous studies. By publishing sales data, many services and auction houses provide a foundation for further research on the latest trends. Determining the definition of the artistic...

The article aims at answering the following research question: is the Polish art market mature enough to look at art investment as an important element of portfolio diversification? To provide an answer, the Authors analyzed auctions in Poland from the period 1991-2010, which were published by...

Cryptocurrencies lack clear measures of fundamental values and are often associated with speculative bubbles. This paper introduces a new way of testing for speculative bubbles based on StockTwits sentiment, which is used as the transition variable in a smooth transition autoregression. The...

The aim of this article is to identify the challenges created by digitalization and the Digital Single Market for book markets in Europe. The research questions are, on the one hand, related to the nature of these challenges and the impact they have on European book markets, and on the other...

In this paper we use micro-data from income and expenditure surveys for seven Latin American countries. We estimate Engel equations and present stylized facts regarding cultural spending. Culture activities are a key indicator of a society development and therefore cultural spending decisions...

Background: Cinema programmes are set in advance (usually with a weekly frequency), which motivates us to investigate the short-term forecasting of attendance. In the literature on the cinema industry, the issue of attendance forecasting has gained less research attention compared to modelling...

This paper purpose is to determine the variables that could influence the individual observable decision of listening to recorded music in Colombia. To do so, probit models are estimated using micro-data from the Encuesta de Consumo Cultural 2008 [Cultural Consumption Survey 2008 ]. Empirical...

The aim of this article is to enrich the vision regarding the connection between entrepreneurship and economic growth, focusing upon an economy in transition to a market economy. The authors of the present paper have developed an empirical model – based on a constant preoccupation to observe...

This paper uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey conducted on 7340 individuals. The mapping methodology of Australian creative economy was implemented to extract 455 workers belonging to 27 creative occupations. To compare...

Statistical methods are widely used for valuation (prediction of the value at sale or auction) of a unique object such as a work of art. The usual approach is estimation of a hedonic model for objects of a given class, such as paintings from a particular school or period, or in the context of...