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  • demand theory  (1)
  • droit de suite  (1)
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  • 1
    Digitale Medien
    Digitale Medien
    Springer
    Journal of cultural economics 18 (1994), S. 101-112 
    ISSN: 1573-6997
    Schlagwort(e): droit de suite ; bargaining theory ; property rights
    Quelle: Springer Online Journal Archives 1860-2000
    Thema: Kunstgeschichte , Wirtschaftswissenschaften
    Notizen: Abstract This paper explores the implications of models of bargaining power for issues having to do with the droit de suite, a legal right of graphic artists to a share in capital gains when a work of art is resold by the first purchaser. It is found that, if both artists and art buyers are risk averse, a positive resale share will be the outcome of a bargaining process that is Pareto-optimal as between the bargainers. This does not depend on bargaining power but is a form of risk-sharing, and to the extent that art buyers are risk averse will be preferred to a zero shareby the buyers. Since resale royalties are not ordinarily a feature of art sale contracts in the absence of legislation, this appears anomalous, and the paper explores alternatives to the received bargaining theory such as might correspond better with casual empiricism.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 2
    Digitale Medien
    Digitale Medien
    Springer
    Journal of cultural economics 19 (1995), S. 1-15 
    ISSN: 1573-6997
    Schlagwort(e): Computer simulation ; demand theory ; endogenous preferences ; bounded rationality ; cultivation of taste
    Quelle: Springer Online Journal Archives 1860-2000
    Thema: Kunstgeschichte , Wirtschaftswissenschaften
    Notizen: Abstract One can approach the economics of the arts, as any field of applied economics, in either of two ways. First, one can treat economic theory and econometric technique as subjects settled by specialists in those fields, to be used in the ec onomics of the arts as they are given, very much as if one were studying the demand for maize. Alternatively, one can treat the economics of the arts as a field which may need and suggest its own developments in theory and technique, suitable to its spec ial problems and processes, from which general economic theory and econometric theory might in principle learn something. Perhaps this latter view is implausible, given the high state of development of economic theory and econometrics in the modern liter ature. Yet many of the advances embodied in these fields have come from particular areas of application-and the economics of maize has been a particularly fertile field.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
    BibTip Andere fanden auch interessant ...
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