Construct · 1 fields · 1 citations

masterpiece effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
masterpieceeffect1 CONSTRUCTMasterpiece effectMEI · CULTURAL ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Cultural economics

the finding that artworks bought at high prices later earn lower returns than cheaper works, studied with repeat-sales art price indices.

In cultural economics, masterpiece effect refers to the finding that artworks bought at high prices later earn lower returns than cheaper works, studied with repeat-sales art price indices. This meaning comes from Mei (2002) in American Economic Review.[1]

Unit
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References

  1. Mei, J., & Moses, M. (2002). Art as an Investment and the Underperformance of Masterpieces. American Economic Review, 92(5), 1656-1668. https://doi.org/10.1257/000282802762024719

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