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While record-making prices at art auctions receive headline news coverage, artists typically do not receive any direct proceeds from those sales. Early-stage creative work in any field is perennially difficult to value, but the valuation, reward, and incentivization for artistic labor are...
Persistent link: https://www.econbiz.de/10011903845
The dynamics of the art market is usually presented using price perspective, price indexes for the market and financial returns. In this paper the value and volume approach is proposed, that haven't been considered in aggregative way for a longer period of time in the literature. The...
Persistent link: https://www.econbiz.de/10012232503
the impact of punishment severity on criminal behavior. In the theft value distribution between old and new larceny …
Persistent link: https://www.econbiz.de/10012388957
This paper, the first of two on global oil theft and fraud, discusses the prevalence, methods, and consequences of … are conducted. The mixing of legal commercial operations with illegal oil theft activities and fraud obscures many oil … global oil theft, valued at US$133 billion per year and equivalent to 5-7 per cent of the global market for crude oil and …
Persistent link: https://www.econbiz.de/10013204770
This second of two papers on global oil theft discusses ways to reduce oil theft, misappropriation, and fraud. At US … revenue in 2019. Organized oil crime syndicates are often transnational and conduct theft and fraud professionally, exploiting …-on-crime activities. Twelve commonalities in oil theft and fraud have been identified that can direct international solutions, in three …
Persistent link: https://www.econbiz.de/10013204789
social dilemma on how to allocate limited resources between a productive activity and theft, and are given the opportunity to … form of punishment and decreases theft by excluded members once they are re-admitted into the group. However, it also leads …
Persistent link: https://www.econbiz.de/10012614681
We study return rates on art investment using a complete dataset on repeated sales for Old Master Paintings, Modern art and Contemporary art auctioned worldwide at Christie's and Sotheby's from 2000 to 2018. We show that return rates do not depend systematically on past prices or the place of...
Persistent link: https://www.econbiz.de/10012651852
During World War II, the art market experienced a massive boom in occupied countries. The discretion, the inflation proof character, the absence of market intervention and the possibility to resell artworks abroad have been suggested to explain why investing in artworks was one of the most...
Persistent link: https://www.econbiz.de/10012669362
This research investigates the impact of Fintech development on an important type of crime: theft. Based on Becker …'s rational criminal theory, we suggest that Fintech development could mitigate theft activities by increasing the earnings from … legitimate work, relaxing potential criminals' financial constraints, and reducing the expected gains from theft. We established …
Persistent link: https://www.econbiz.de/10012807463
abstain initially from theft and devote more resources to production, and subjects from countries with higher quality …
Persistent link: https://www.econbiz.de/10010420268