The Art Market, Global Economy and Information Transparency
نویسندگان
چکیده
منابع مشابه
Art in the Information Economy
Economically, art has been viewed as a resource, a commodity, a process, a secondary good, a technology, and as capital. The role of art as a producer of and storage for cultural capital has historically been the most important for society as a whole. Today, however, the general stock of cultural capital is declining. Other trends in the current information economy include a greater appreciatio...
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Financial markets are one of the most fundamental markets in any country. In the financial markets, the securities market and the foreign exchange market are sensitive sectors. These two markets are affected by fluctuations and economic cycles so reflect economic changes rapidly. Changes in the returns of one market due to arbitrage conditions during time lead to changes in the returns of other...
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The paper studies the role of information transparency on fairness concerns, welfare and e ciency. When the rm's productivity and ultimately pro ts are revealed, wage o ers induce relatively fair divisions of potential gains and workers respond with higher performance. Workers respond not only to wages but also to rms' intentions concerning fairness. Information transparency serves as a mechani...
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Artists throughout the ages have discovered a number of techniques to depict transparency. With only a few exceptions, these techniques follow closely the properties of physical transparency. The two best known properties are X-junctions and the luminance relations described by Metelli. X-junctions are seen where the contours of a transparent material cross contours of the surface behind; Metel...
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This paper develops a model where short-term reputation concerns guide the public disclosure of information and affect welfare in a coordination environment. Entrepreneurs use public information to make investment decisions, and there is complementarity in their actions. There are and high and low states that determine the productivity in the economy, and the high state is more likely if the go...
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ژورنال
عنوان ژورنال: Symphonya. Emerging Issues in Management
سال: 2003
ISSN: 1593-0319
DOI: 10.4468/2003.2.07codignola