EFFECTS OF ADVERSE SELECTION ON THE MARKET OF CULTURAL VALUABLES

A. Bulina ()
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A. Bulina: graduate student, Department of Economic Theory and Economic Policy, Faculty of Economics, St. Petersburg State University

Annals of marketing-mba, 2013, vol. 1

Abstract: This paper proposes an approach to the analysis of market failure on creative and cultural market. The author examines the impact of information asymmetries on the market of cultural valuables. Conclusions include suggestion on possibility of solution based on pure art criticism or other cultural methods.

Keywords: market of cultural vauables; adverse selection; information asymmetry; moral hazard problem; provenance. (search for similar items in EconPapers)
JEL-codes: M31 Z1 (search for similar items in EconPapers)
Date: 2013
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