Home bias in domestic art markets: Evidence from China
Mancang Wang and
Economics Letters, 2017, vol. 159, issue C, 201-203
Using a large art auction dataset from mainland China, we examined whether investors exhibited a home bias in the domestic art market. The results show that, with all else being equal, artworks auctioned in the artist’s home cities tend to have higher prices.
Keywords: Home bias; Art investment; Chinese art (search for similar items in EconPapers)
JEL-codes: D44 G11 Z11 (search for similar items in EconPapers)
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