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Economics of the Arts: Selected Essays

Economics of the Arts: Selected Essays

Hardcover

Series: Contributions to Economic Analysis, Book 237

Business GeneralEconomicsManagement

ISBN10: 0444824022
ISBN13: 9780444824028
Publisher: Emerald Pub Ltd
Published: Nov 19 1996
Pages: 408
Weight: 1.64
Height: 0.94 Width: 6.14 Depth: 9.21
Language: English
The economics of art markets is an area open to econometricians, theorists, economic (and of course art) historians, labour economists, and students interested in the economic analysis of legal problems. This volume covers a large number of issues including auction anomalies, the management of museums, the excess supply of labour in the performing arts, the economic analysis of property rights and art thefts, and investment in artworks. It also discusses what can be learnt from history on the behaviour of collectors and on prices of originals with respect to copies. The coverage of topics reflects the expansions of markets for artworks during the 1980s, as well as the increasing number of discussions on the legal foundations, and property rights of arts-related organisations. During the preceding decade, research on the economics of the arts was much more characterised by issues related to the organisation and the financing of the performing arts industry, with the seminal contributions by Baumol and Bowen and Peacock. Though some important contributions are still being made to this more policy-oriented field, research has, as in many other areas of economics, shifted to less normative work.

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