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Old master paintings, export veto and price formation: an empirical study

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  • Laura Onofri

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  • Laura Onofri, 2009. "Old master paintings, export veto and price formation: an empirical study," European Journal of Law and Economics, Springer, vol. 28(2), pages 149-161, October.
    • Handle: RePEc:kap:ejlwec:v:28:y:2009:i:2:p:149-161
    DOI: 10.1007/s10657-008-9094-2
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    References listed on IDEAS

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    1. Alan Beggs & Kathryn Graddy, 1997. "Declining Values and the Afternoon Effect: Evidence from Art Auctions," RAND Journal of Economics, The RAND Corporation, vol. 28(3), pages 544-565, Autumn.
    2. Jean-Michel Josselin & Alain Marciano, 2005. "Law and the State : a political economy approach," Post-Print halshs-00103718, HAL.
    3. Baumol, William J, 1986. "Unnatural Value: Or Art Investment as Floating Crap Game," American Economic Review, American Economic Association, vol. 76(2), pages 10-14, May.
    4. Olivier Chanel & Louis-André Gérard-Varet & Victor Ginsburgh, 1996. "The relevance of hedonic price indices," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 20(1), pages 1-24, March.
    5. Paolo Figini & Laura Onofri, 2005. "Old Master paintings: price formation and public policy implications," Chapters, in: Alain Marciano & Jean-Michel Josselin (ed.), Law and the State, chapter 14, Edward Elgar Publishing.
    6. Marilena Locatelli Biey & Roberto Zanola, 1999. "Investment in Paintings: A Short-Run Price Index," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 23(3), pages 209-219, August.
    7. Richard Agnello & Renée Pierce, 1996. "Financial returns, price determinants, and genre effects in American art investment," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 20(4), pages 359-383, December.
    8. Ashenfelter, Orley, 1989. "How Auctions Work for Wine and Art," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 23-36, Summer.
    9. Victor Ginsburgh & Pierre-Michel Menger, 1996. "Economics of the arts: selected essays," ULB Institutional Repository 2013/1655, ULB -- Universite Libre de Bruxelles.
    10. Chanel, Olivier, 1995. "Is art market behaviour predictable?," European Economic Review, Elsevier, vol. 39(3-4), pages 519-527, April.
    11. Alain Marciano & Jean-Michel Josselin (ed.), 2005. "Law and the State," Books, Edward Elgar Publishing, number 3398.
    12. Chanel, O. & Gerard, L.A. & Ginsburgh, V., 1992. "The Relevence of Hedonic Price Indices the Case of Paintings," G.R.E.Q.A.M. 92a19, Universite Aix-Marseille III.
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    Cited by:

    1. Renneboog, L.D.R. & Spaenjers, C., 2014. "Investment Returns and Economic Fundamentals in International Art Markets," Discussion Paper 2014-018, Tilburg University, Center for Economic Research.
    2. Lasse Steiner & Bruno S. Frey & Magnus Resch, 2013. "Home is where your art is: the home bias of art collectors," ECON - Working Papers 135, Department of Economics - University of Zurich.

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    More about this item

    Keywords

    Old Masters Paintings; Hedonic pricing analysis; Export veto; C1; K0; Z11;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • K0 - Law and Economics - - General
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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