Scholars have highlighted the need for a clearer knowledge, conceptualization and theorizing on the practicality of integrating arts entrepreneurship education in university programs. The objective of this study is to identify the themes in the Arts Entrepreneurship (AE) and to develop these...

This note investigates price-formation mechanisms at work in the private art market. An analysis is provided on pricing of new artwork for the first sale. In a model with five different types of agents using a bargaining game approach, the artist's preferred market channel is identified. The...

Using an exclusive data set consisting of the population of fine art auctions from 2000 to 2017 for Western artists, with over 2.6 million auction sales, we provide strong empirical evidence of a glass ceiling for female artists. First, we show that female artists are less likely to transition...

A􀀱er its predecessors turned humans and organizations into machines, the Fourth Industrial Revolution is turning machines into humans. As digital machines acquire more and more cognitive intelligence, the development of humans becomes ever more vital, for society and business alike. Time has...

Artists are often seen as innovators and producers of creative and extraordinary new ideas. Additionally, experiencing art and artistic processes is an important opportunity for learning and exploration. Thus, corporations and scientific organizations have experimented with initiatives that...

In a highly competitive business environment, integrating artists into corporate research and development (R&D) seems to be a promising way to foster inventiveness and idea generation. Given the importance of individual level innovation for product development, this study explores the benefits...

We hypothesize the existence of a slow-moving fad component in art prices. Using unique panel survey data on art market participants' confidence levels in the outlook for a set of artists, we find that sentiment indeed predicts short-term returns

This paper uses information cascades theory to analyze the art market. It focus on the art stars, explaining the phenomenon that in the art market a small fraction of artists accounts for most of the trade and dominate the financial activity. We analyze fine art auction data. In particular, we...

Today's contemporary art world has to come to terms with a highly unstable socioeconomic context that is evolving rapidly and constantly, with the result that any analysis to establish the state of the demand and supply of artistic goods and services in a global scenario is quite complex. The...

We investigate a tool, namely visual art, which enables firms to increase the extendibility of their brands. Extant research proposes that successful brand extensions depend on favorable brand image and high perceived fit between the brand and the extension category. We propose that the presence...

This paper investigates the validity of Islamic Art as an investment product. We examine the current and future market potential, as well as, performing a hedonic regression analysis on London auction sales from 1998 to 2007. The main findings of the research are; Islamic art returns out...

Modern painting began in France during the nineteenth century. Using transactions from art auctions for the work of 50 leading painters who worked in France during the first century of modern art, I estimate the relationship between the value of a painting and the artist's age at the date of its...

Arts proponents frequently argue that the arts have a positive impact on the economy, yet this assertion is not supported by satisfactory statistical testing. Using the U.S. Gross Domestic Product (GDP) and National Arts Index (NAI), this study seeks to verify the contention that arts activities...

Setting the stage -- Fundamental concepts and definitions -- Starting an arts business and economics for artists -- The entrepreneurial ecology of the arts -- Using the entrepreneurial ecology of the arts -- Advanced ecologies -- Tools.

"Although the literature on marketing of the arts is abundant, very few (if any) full-length works have examined the other side of the coin and closely studied the people who consume the products of the cultural industry. This book offers a summary of the knowledge garnered in recent decades by...

Wie sich der Kunstmarkt verändert und welche Vorteile Sie davon haben -- Was Sie über den Kunstmarkt wissen sollten – von klassischen Ölgemälden bis hin zu Kryptokunst und NFTs -- Wie Sie gute Kunst erkennen und welche Qualitätskriterien Ihnen helfen -- Welche Kunst sich als Geldanlage...

Despite a growing interest in the effects of arts-based interventions on organizational change, concepts aiming at business innovation and product development other than residencies are rare. Furthermore, little is known about the role and impact of artists involved in idea-generating formats....

How can we place climate change issues at the heart of technological innovation? From our point of view, artistic practice is a powerful tool to infuse sustainability dimensions into technological developments. By using a sensitive approach based on a dialogue with his/her inner self, the artist...

If one should buy something only because one loves it for its beauty or some other aspect of aesthetic or personal appeal, one can never really lose. Individuals who collect art and who share the growing interest in art as an investment question whether art is a good investment particularly when...

This volume brings together empirical and conceptual papers that investigate the challenges of organizing creativity in the innovation journey in and across different empirical contexts. The articles in this volume extend our understanding of the contextualized social dynamics of organizing...

Welchen Beitrag kann zeitgenössische Kunst zu einer sozial-ökologischen Nachhaltigkeitsperspektive leisten? Dieser Frage geht der Beitrag ausgehend von künstlerischen Projekten nach, die in Feldern operieren, in denen die drei Säulen des bekannten Nachhaltigkeits-Modells - Umwelt, Soziales...

"Preface Dear Reader: No matter the reason you picked up this book - whether it was assigned or freely chosen - I hope you feel warmly invited to pull up a chair to the economics of art, to form your own opinion, and to build your own tools. Although originally written for students in arts...