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Reconsidering hedonic art price indexes. (English) Zbl 1178.91150

Summary: Art price indexes typically rely on heavily biased samples for several reasons. A refined hedonic index is developed which explicitly addresses such concerns. An empirical illustration is then provided for symbolist paintings appearing at auctions between 1990 and 2001.

MSC:

91B82 Statistical methods; economic indices and measures
91B74 Economic models of real-world systems (e.g., electricity markets, etc.)
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References:

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