In this paper we present the state of the art concerning the distinction between economic
and cultural value and the way the two values interact with each other. Our review espouses …

The hypothesis of a single deterministic price structure in the art market is unrealistic
because of price dispersion, heterogeneity, limited information, and a lack of price …

We examine the influence of favorable user-generated content on the demand for PC video
games. As digital distribution has become the norm for video games, it has become …

This paper explores the market for indeterminate works of art. Our data set includes 1578
sales of fifteenth and sixteenth-century anonymous Flemish paintings, mainly collected from …

To counteract the longstanding bias toward paintings, this paper offers a preliminary,
diachronic exploration of the market for European tapestries. By combining qualitative and …

How do producers' distinctiveness and social structure influence third-party certifications?
We argue that producers compete against prior and current competitors, and against their …

In the context of a booming art market in Paris, eighteenth-century art dealers began to
exploit authorship as a value-enhancing strategy. Using Jean-Baptiste Pierre Lebrun's …

Exploiting the award process, we implement a regression discontinuity design to estimate
the effect of winning France's main literary prize, the Goncourt. It increases sales, especially …

Working with a data set accounting for 13,000 auction sales results, Anne-Sophie V.
Radermecker explores what contemporary buyers value when purchasing paintings of …

Authenticity is a perennial issue in art markets. This paper investigates the character of some
art identifying it as meta-credence goods and utilizing a formal Bayesian model of how …