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,,Money for Nothing“? Die Preisbildung von Originalkunstwerken und Kopien

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  • Tietzel Manfred

    (Gerhard-Mercator-Universität Duisburg)

Abstract

Quite a few economists hold the opinion that exorbitant prices paid for original works of art reflect an irrational cult made of unique pieces created by renowned artists; (close to) perfect copies would yield comparable benefits at a substantially lower price. The article gives reasons for the rationality of this seemingly irrational behavior and, among other things, explains the price difference between originals and their copies on a microeconomic basis.

Suggested Citation

  • Tietzel Manfred, 2001. ",,Money for Nothing“? Die Preisbildung von Originalkunstwerken und Kopien," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 2(1), pages 15-29, February.
    • Handle: RePEc:bpj:pewipo:v:2:y:2001:i:1:p:15-29:n:2
    DOI: 10.1111/1468-2516.00029
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