Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of ratings or awards. Do awards affect consumers' choices or, conversely, are they conferred on the most popular products? To disentangle this issue, we use data about the most important...

"Images of Europe", the title of the workshop from which this Working Paper originated, refers to the multiplicity of representations that "Europe" has historically offered. Today we seem to suffer from a dearth of images of Europe, especially in the symbolic field. The essays which compose the...

Examines the changing roles of science exhibitions from places of 'cold' science, where secure, closed and fixed knowledge is communicated, to places that increasingly engage with 'hot', controversial research and open debates.

This article considers whether presale auction estimates are unbiased predictors of price when “no-sales” are considered utilizing a newly constructed sample of over 500 works by eight early twentieth-century American artists. Unbiased presale auction estimates in predicting price, while...

This paper examines some of the implications for China of the creative industries agenda as drawn by some recent commentators. The creative industries have been seen by many commentators as essential if China is to move from an imitative low-value economy to an innovative high value one. Some...

This paper examines some of the implications for China of the creative industries agenda as drawn by some recent commentators. The creative industries have been seen by many commentators as essential if China is to move from an imitative low-value economy to an innovative high value one. Some...

The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every five years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and...

Product quality is often unobservable ex-ante and consumers rely on experts’ judgments, sometimes coming under the form of ratings or awards. Do awards affect consumers’ choices or they are conferred to the most popular products? To disentangle this issue, we use data of the most important...

Twenty years after the political turn we could assume that the Hungarian cultural policy has changed a lot as more and more arm’s length aspects are being implemented into the system. The establishment of cultural funds and the decentralization of the resource allocation from the central...

The paper draws on the aesthetic theory and on the cognitive neuroscience approach of music, as well as on music history to try to convince Frederic Scherer that he should listen to music composed after Mahler.