It has been widely observed that the price of art or celebrity memorabilia rises around the time of the artist or figure's death. Previous authors attribute this ' death effect ' primarily to expectations on the part of collectors concerning the future supply of collectibles relating to the public figure as in the case of a durable goods monopolist. The observations of the sports memorabilia market suggest that the increase in prices is instead due to a ' nostalgia effect ' as a result of the media attention that surrounds the death of a prominent public figure.
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Article provided by Taylor and Francis Journals in its journal Applied Economics.
Volume (Year): 36 (2004) Issue (Month): 11 (June) Pages: 1151-1155 Download reference. The following formats are available: HTML
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