Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We argue that, to increase our understanding of the market for aesthetics, it is helpful to take a micro perspective on the formation of art prices, and acknowledge that each...

Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We argue that, to increase our understanding of the market for aesthetics, it is helpful to take a micro perspective on the formation of art prices, and acknowledge that each...

Intro -- Contents -- Introduction -- 1. The Arts in a Market Economy -- 2. The Market for the Written Word -- 3. The Wealthy City as a Center for Western Art -- 4. From Bach to the Beatles: The Developing Market for Music -- 5. Why Cultural Pessimism? -- Notes -- Index.

Das Buch stellt die ökonomischen Zusammenhänge und Prozesse in der Musikwirtschaft dar und beleuchtet im Speziellen das Musikverlagswesen, die phonografische Industrie, den Live-Musiksektor, sekundäre Musikmärkte (Medien, Werbung, Branding, Merchandising, Games), Musikarbeitsmärkte sowie...