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The Economics of American Art: Issues, Artists and Market Institutions

By Robert B. Ekelund Jr., John D. Jackson, Robert D. Tollison
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$72.99
By Robert B. Ekelund Jr., John D. Jackson, Robert D. Tollison
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The rapidly changing and evolving art market might appear to be chaotic to the casual observer, with new highs, potential lows, and tastes and fashions changing season to season. Economists, however, view the actions of buyers and sellers as constituting an identifiable market. They have, for some decades, studied such issues as artistic productivity and "death effects" on prices, investment returns, and on the basis of the behavior and estimated prices in auction markets. The Economics of …

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