Since the growth of the art market into a capitalized global art industry, public and academic discourse on art auctions has been dominated by record prices. Despite the financial potential of art auctions as well as the public and academic interest in art, understanding of auction prices is...

In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if - in contrast to the standard model - the...

Chapter 1: Preface -- Chapter 2: The Triumph of Serious Art -- Chapter 3: Authentic Art and Artists -- Chapter 4: Exclusion -- Chapter 5: Distrust of Commerce and Commercialism -- Chapter 6: Sharing Art -- Chapter 7: Present and Future Changes -- Chapter 8: Conclusion.

Purpose - the purpose of the article is to identify factors of cultural economics and examine their impact on countries' competitiveness. Research methodology - in this study, the following factors have been determined to affect the competitiveness of the European Union countries: cultural...

The Eurovision Song Contest is one of the worldwide biggest live media events and the world’s leading broadcast of an international music competition. The countries of the European Broadcasting Union participate by sending an artist (or a group of artists) to the contest and both expert juries...

Chapter 1: A Pragmatic approach to the arts -- Chapter 2: What values are, and how we learn to appreciate them -- Chapter 3: How Artists Imagine New Worlds -- Chapter 4: How the Audience, as Participant, Makes Worlds Real -- Chapter 5: Making Space for Cultural Civil Society.