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EconomistsTalkArt.org

Research-based policy analysis and commentary

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January 2017

PERFORMANCE EVALUATION IN THE ARTS? NO TECHNIQUE CAN SUBSTITUTE A SUBSTANTIVE DISCUSSION OF THE MEANING OF ARTS, CULTURE AND HERITAGE FOR INDIVIDUALS, ORGANIZATIONS AND SOCIETY

By Francesco Chiaravalloti

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A systematic literature review of contributions to the arts and cultural sector which have appeared in accounting journals shows that the evaluation of the artistic performance of publicly funded arts organizations is not a purely procedural and technical issues relating to the production of better performance information, but it is above all a substantive and political one relating to the nature of the arts and the function of publicly funded arts organizations in individual communities and in society in general. Continue reading “PERFORMANCE EVALUATION IN THE ARTS? NO TECHNIQUE CAN SUBSTITUTE A SUBSTANTIVE DISCUSSION OF THE MEANING OF ARTS, CULTURE AND HERITAGE FOR INDIVIDUALS, ORGANIZATIONS AND SOCIETY”

EconomistsTalkArt.org SHARES ITS SUCCESS AND ENTHUSIASM INTO THE NEW YEAR

By Editorial Board

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ETA was launched in November 2015 to provide a space for the dissemination of research-based policy analysis and commentary by cultural economists. After a full year of activities, we are happy to have published 21 posts. The enthusiasm is shared by our many followers who visited the blog over 10,000 times. Continue reading “EconomistsTalkArt.org SHARES ITS SUCCESS AND ENTHUSIASM INTO THE NEW YEAR”

VOLATILITY OF PRICE INDICES FOR HETEROGENEOUS GOODS WITH APPLICATIONS TO THE FINE ART MARKET

By Fabian Bocart and Christian Hafner

bacon

Understanding the behavior of art prices is important to precisely anticipate the financial benefits of owning art. So far, a very common approach in the scientific literature is to assume that all artworks follow a common, deterministic path. What happens if we reverse the perspective assuming that art prices behave randomly?

Continue reading “VOLATILITY OF PRICE INDICES FOR HETEROGENEOUS GOODS WITH APPLICATIONS TO THE FINE ART MARKET”

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