Art as an investment and the underperformance of masterpieces

被引:248
作者
Mei, JP [1 ]
Moses, M [1 ]
机构
[1] NYU, Stern Sch Business, New York, NY 10012 USA
关键词
D O I
10.1257/000282802762024719
中图分类号
F [经济];
学科分类号
02 ;
摘要
[No abstract available]
引用
收藏
页码:1656 / 1668
页数:13
相关论文
共 24 条
[1]   PAINTINGS AS AN INVESTMENT [J].
ANDERSON, RC .
ECONOMIC INQUIRY, 1974, 12 (01) :13-26
[2]   HOW AUCTIONS WORK FOR WINE AND ART [J].
ASHENFELTER, O .
JOURNAL OF ECONOMIC PERSPECTIVES, 1989, 3 (03) :23-36
[3]  
ASHENFELTER O, 2001, STUDY SALE RATES PRI
[4]  
BAUMOL WJ, 1986, AM ECON REV, V76, P10
[5]  
BRYAN M.F, 1985, EC REV FEDERAL BANK, P2
[6]   REVISITING BAUMOL ART AS FLOATING CRAP GAME [J].
BUELENS, N ;
GINSBURGH, V .
EUROPEAN ECONOMIC REVIEW, 1993, 37 (07) :1351-1371
[7]   STOCK RETURNS AND THE TERM STRUCTURE [J].
CAMPBELL, JY .
JOURNAL OF FINANCIAL ECONOMICS, 1987, 18 (02) :373-399
[8]  
Case K.E., 1987, New England Economic Review, P45
[9]   AN UNCONDITIONAL ASSET-PRICING TEST AND THE ROLE OF FIRM SIZE AS AN INSTRUMENTAL VARIABLE FOR RISK [J].
CHAN, KC ;
CHEN, NF .
JOURNAL OF FINANCE, 1988, 43 (02) :309-325
[10]  
Chanel O., 1996, Journal of Cultural Economics, V20, P1, DOI 10.1007/s10824-005-1024-3