Power-Laws in Art. From Renaissance to Contemporary Art

Federico Etro () and Elena Stepanova

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

Abstract: We provide evidence of a cubic law of art prices that hints to a general pattern for the distribution of artistic talent. The persistence across heterogeneous markets from historical ones to contemporary art auctions of a power law in the distribution of the average price per artist suggests the possibility of a universal law for talent distribution. We explore scale-free networks of teacher-students to investigate the diffusion of talent over time.

Keywords: Power-Laws; in; Art.; From; Renaissance; to; Contemporary; Art (search for similar items in EconPapers)
Date: 2018-10-17
New Economics Papers: this item is included in nep-cul
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Working Paper: Power-Laws in Art. From Renaissance to Contemporary Art (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2018/32

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