Excess All Areas:The Art Market Now
نویسندگان
چکیده
منابع مشابه
Excess Entry in an Experimental Winner-Take-All Market
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"Winner-Take-All"-markets, i.e. markets in which the relative and not the absolute performance is decisive, have gained in importance. Such markets have a tendency to provoke inefficiently many entries. We investigate the functioning of such markets with the help of experiments and show that there are even more inefficient entries than predicted by the Nash equilibrium. Moreover, this effect in...
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ژورنال
عنوان ژورنال: The Art Book
سال: 2009
ISSN: 1368-6267,1467-8357
DOI: 10.1111/j.1467-8357.2009.01026.x