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Awards, Success and Aesthetic Quality in the Arts

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  • Victor Ginsburgh

Abstract

The role of experts is dramatically increasing in our societies, where sorting information about quality is becoming more and more difficult. This paper looks at expertise in the arts (movies, novels and musical interpretation) and shows that expert opinion given shortly after the work has been produced (Oscars, prizes, rankings in musical competitions) may influence success, though it does not always recognize talent and does often not survive the "test of time," considered by many art philosophers, since Hume, as one of the possible measures of fundamental aesthetic quality.

Suggested Citation

  • Victor Ginsburgh, 2003. "Awards, Success and Aesthetic Quality in the Arts," Journal of Economic Perspectives, American Economic Association, vol. 17(2), pages 99-111, Spring.
  • Handle: RePEc:aea:jecper:v:17:y:2003:i:2:p:99-111
    Note: DOI: 10.1257/089533003765888458
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/089533003765888458
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    References listed on IDEAS

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    1. Joshua D. Angrist & Alan B. Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 69-85, Fall.
    2. BAUWENS, Luc & GINSBURGH, Victor, 2000. "Art experts and auctions are pre-sale estimates unbiased and fully informative?," CORE Discussion Papers RP 1485, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Victor A. Ginsburgh & Jan C. van Ours, 2003. "Expert Opinion and Compensation: Evidence from a Musical Competition," American Economic Review, American Economic Association, vol. 93(1), pages 289-296, March.
    4. Joshua Angrist & Alan Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Working Papers 834, Princeton University, Department of Economics, Industrial Relations Section..
    5. repec:fth:prinin:455 is not listed on IDEAS
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