Auction houses use both in-house and third-party guarantees for sellers who are concerned about the risk that not enough bidders will enter the auction for their works. Auction houses are compensated for guarantees by buyers’ commissions and successful sales after attracting important...

Auction houses use both in-house and third-party guarantees for sellers who are concerned about the risk that not enough bidders will enter the auction for their works. Auction houses are compensated for guarantees by buyers’ commissions and successful sales after attracting important works of...

This paper investigates the extent that economic markets have incorporated mainstream artistic acceptance of African American art. Price levels and movements for paintings by African American artists versus their white contemporaries are compared using auction data from 1972 to 2004. Means in...

Movie production incentives (MPI) are a popular economic development strategy employed by US states. Film subsidies are intended to encourage external investment into an untapped industry that spills over onto complementary industries to generate economic growth through a multiplier. Despite...

Most US states have adopted movie production incentives with the intention to stimulate state economic growth through film industry investment and related economic activity. Previous cross-state studies of film incentives have not identified a stimulus effect; however, the zero-sum nature of...

This chapter explores the economic meaning of video games and virtual worlds. Section 2 outlines the scope of video game economics and several different types of research included under this umbrella term. Section 3 then explores one of these types in more detail by examining the relationships...

O'Brien and Lane (2018) examines the popular use of film industry incentives by US states to promote economic growth. The authors claim that their findings indicate the presence of incentives is positively associated with filming, industry employment, and new industry establishments, which is...