This book studies the relationship between the arts and the economy. By applying economic thinking to arts and culture, it analyses markets for art and cultural

This volume emphasizes the economic aspects of art and culture, a relatively new field that poses inherent problems for economics, with its quantitative concept

How auctions work, in theory and practice, with clear explanations and real-world examples that range from government procurement to eBay. Although it is among

The book examines the contemporary art system with a broad and systematic approach, through the application of models of microeconomics and industrial organizat