The market value of rarity
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Garth Saloner & Andrea Shepard, 1995. "Adoption of Technologies with Network Effects: An Empirical Examination of the Adoption of Teller Machines," RAND Journal of Economics, The RAND Corporation, vol. 26(3), pages 479-501, Autumn.
- Becker, Gary S, 1991.
"A Note on Restaurant Pricing and Other Examples of Social Influences on Price,"
Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 1109-1116, October.
- Becker, Gary S., 1991. "A Note on Restaurant Pricing and Other Examples of Social Influences on Price," Working Papers 67, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Goldberg, Pinelopi Koujianou, 1995. "Product Differentiation and Oligopoly in International Markets: The Case of the U.S. Automobile Industry," Econometrica, Econometric Society, vol. 63(4), pages 891-951, July.
- Higgins, Richard S & Rubin, Paul H, 1986. "Counterfeit Goods," Journal of Law and Economics, University of Chicago Press, vol. 29(2), pages 211-230, October.
- Katz, Michael L & Shapiro, Carl, 1985. "Network Externalities, Competition, and Compatibility," American Economic Review, American Economic Association, vol. 75(3), pages 424-440, June.
- repec:bla:econom:v:63:y:1996:i:249:p:97-111 is not listed on IDEAS
- Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-858, December.
- Belk, Russell W., 1995. "Collecting as luxury consumption: Effects on individuals and households," Journal of Economic Psychology, Elsevier, vol. 16(3), pages 477-490, September.
- Lynn, Michael, 1989. "Scarcity effects on desirability: Mediated by assumed expensiveness?," Journal of Economic Psychology, Elsevier, vol. 10(2), pages 257-274, June.
- Roger Mason, 1995. "Interpersonal Effects on Consumer Demand in Economic Theory and Marketing Thought, 1890-1950," Journal of Economic Issues, Taylor & Francis Journals, vol. 29(3), pages 871-881, September.
- Klein, Benjamin & Leffler, Keith B, 1981. "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 615-641, August.
- Goldin, Ephraim, 1985. "Statistical Analysis of Coins Lost in Circulation," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(1), pages 36-42, January.
- Berry, Steven & Levinsohn, James & Pakes, Ariel, 1995.
"Automobile Prices in Market Equilibrium,"
Econometrica, Econometric Society, vol. 63(4), pages 841-890, July.
- Steven Berry & James Levinsohn & Ariel Pakes, 1993. "Automobile Prices in Market Equilibrium: Part I and II," NBER Working Papers 4264, National Bureau of Economic Research, Inc.
- Sinn, Hans-Werner, 1985.
"Psychophysical laws in risk theory,"
Journal of Economic Psychology, Elsevier, vol. 6(2), pages 185-206, June.
- Sinn, Hans-Werner, 1985. "Psychophysical laws in risk theory," Munich Reprints in Economics 19903, University of Munich, Department of Economics.
- Pesando, James E, 1993. "Art as an Investment: The Market for Modern Prints," American Economic Review, American Economic Association, vol. 83(5), pages 1075-1089, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Eric Fur, 2023. "Risk and return of classic car market prices: passion or financial investment?," Journal of Asset Management, Palgrave Macmillan, vol. 24(1), pages 59-68, February.
- Pecchioli, Bruno & Moroz, David, 2023. "Do geographical appellations provide useful quality signals? The case of Scotch single malt whiskies," Economic Modelling, Elsevier, vol. 124(C).
- Pennerstorfer, Dieter & Schindler, Nora & Weiss, Christoph R. & Yontcheva, Biliana, 2020.
"Income inequality and product variety: Empirical evidence,"
DICE Discussion Papers
353, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Pennerstorfer, Dieter & Schindler, Nora & Yontcheva, Biliana, 2022. "Income Inequality and Product Variety: Empirical Evidence," VfS Annual Conference 2022 (Basel): Big Data in Economics 264078, Verein für Socialpolitik / German Economic Association.
- Dieter Pennerstorfer & Nora Schindler & Christoph Weiss & Biliana Yontcheva, 2020. "Income Inequality and Product Variety: Empirical Evidence," Economics working papers 2020-17, Department of Economics, Johannes Kepler University Linz, Austria.
- Yeonjoon Lee, 2022. "Measuring the impact of rarity on price: evidence from NBA Top Shot," Marketing Letters, Springer, vol. 33(3), pages 485-498, September.
- repec:dau:papers:123456789/5855 is not listed on IDEAS
- Richard J. Agnello, 2002. "Investment Returns and Risk for Art: Evidence from Auctions of American Paintings," Eastern Economic Journal, Eastern Economic Association, vol. 28(4), pages 443-463, Fall.
- Dobrynskaya, Victoria & Kishilova, Julia, 2022.
"Lego: The Toy Of Smart Investors,"
Research in International Business and Finance, Elsevier, vol. 59(C).
- Victoria Dobrynskaya & Julia Kishilova, 2020. "Lego - The Toy Of Smart Investors," HSE Working papers WP BRP 80/FE/2020, National Research University Higher School of Economics.
- Caballer Mellado, V. & De La Poza, E., 2010. "La Numismática como objeto de inversión y valoración/Numismatics as an object of investment and valuation," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 28, pages 475(22á.)-4, Agosto.
- Lin, Min-Bin & Wang, Bingling & Bocart, Fabian Y.R.P. & Hafner, Christian M. & Härdle, Wolfgang K., 2022. "DAI Digital Art Index : a robust price index for heterogeneous digital assets," LIDAM Discussion Papers ISBA 2022036, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- Ghazi, Soroush & Schneider, Mark, 2024. "Market value of rarity: A theory of fair value and evidence from rare baseball cards," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 318-339.
- Kleine, Jens & Peschke, Thomas & Wagner, Niklas, 2021. "Collectors: Personality between consumption and investment," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
- Amin Mekacher & Alberto Bracci & Matthieu Nadini & Mauro Martino & Laura Alessandretti & Luca Maria Aiello & Andrea Baronchelli, 2022. "Heterogeneous rarity patterns drive price dynamics in NFT collections," Papers 2204.10243, arXiv.org, revised Aug 2022.
- McClure, James & Kumcu, Erdogan, 2008. "Promotions and product pricing: Parsimony versus Veblenesque demand," Journal of Economic Behavior & Organization, Elsevier, vol. 65(1), pages 105-117, January.
- Fur, Eric Le, 2021. "Fine Wines in a Diversified Portfolio of Collectibles," 2021 Conference, August 17-31, 2021, Virtual 315852, International Association of Agricultural Economists.
- Apostolou, Menelaos, 2011. "Why men collect things? A case study of fossilised dinosaur eggs," Journal of Economic Psychology, Elsevier, vol. 32(3), pages 410-417, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Belleflamme,Paul & Peitz,Martin, 2015.
"Industrial Organization,"
Cambridge Books,
Cambridge University Press, number 9781107687899, September.
- Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, October.
- Victor Ginsburgh & Jianping Mei & Michael Moses, 2006. "On the computation of art indices in art," ULB Institutional Repository 2013/7290, ULB -- Universite Libre de Bruxelles.
- Andrew Metrick & Richard Zeckhauser, 1996.
"Price Versus Quanitity: Market Cleaning Mechanisms When Sellers Differ in Quality,"
Harvard Institute of Economic Research Working Papers
1775, Harvard - Institute of Economic Research.
- Andrew Metrick & Richard Zeckhauser, 1996. "Price versus Quantity: Market Clearing Mechanisms When Sellers Differ in Quality," NBER Working Papers 5728, National Bureau of Economic Research, Inc.
- Etro, Federico, 2016. "Research in economics and industrial organization," Research in Economics, Elsevier, vol. 70(4), pages 511-517.
- Tovar, Jorge, 2012. "Consumers’ Welfare and Trade Liberalization: Evidence from the Car Industry in Colombia," World Development, Elsevier, vol. 40(4), pages 808-820.
- Pereira, Pedro & Ribeiro, Tiago, 2011.
"The impact on broadband access to the Internet of the dual ownership of telephone and cable networks,"
International Journal of Industrial Organization, Elsevier, vol. 29(2), pages 283-293, March.
- Pedro Pereira & Tiago Ribeiro, 2006. "The Impact on Broadband Access to the Internet of the Dual Ownership of Telephone and Cable Networks," Working Papers 06-10, NET Institute, revised Aug 2006.
- Pedro Pereira & Tiago Ribeiro, 2006. "The Impact on Broadband Access to the Internet of the Dual Ownership of Telephone and Cable Networks," Working Papers 17, Portuguese Competition Authority.
- Aamir Rafique Hashmi & Johannes Van Biesebroeck, 2016.
"The Relationship between Market Structure and Innovation in Industry Equilibrium: A Case Study of the Global Automobile Industry,"
The Review of Economics and Statistics, MIT Press, vol. 98(1), pages 192-208, March.
- Aamir Rafique Hashmi & Johannes Van Biesebroeck, 2010. "Market Structure and Innovation: A Dynamic Analysis of the Global Automobile Industry," NBER Working Papers 15959, National Bureau of Economic Research, Inc.
- Aamir Hashmi, 2012. "The Relationship between Market Structure and Innovation in Industry Equilibrium: A Case Study of the Global Automobile Industry," 2012 Meeting Papers 356, Society for Economic Dynamics.
- Van Biesebroeck, Johannes & Hashmi, Aamir Rafique, 2012. "The Relationship between Market Structure and Innovation in Industry Equilibrium: A Case Study of the Global Automobile Industr," CEPR Discussion Papers 8783, C.E.P.R. Discussion Papers.
- Aamir Rafique HASHMI & Johannes VAN BIESEBROECK, 2012. "The relationship between market structure and innovation in industry equilibrium: a case study of the global automobile industry," Working Papers of Department of Economics, Leuven ces12.01, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Soeiro, Renato & Adrego Pinto, Alberto, 2019. "Social power as a solution to the Bertrand Paradox," MPRA Paper 94271, University Library of Munich, Germany.
- Philippe Aghion & Antoine Dechezleprêtre & David Hémous & Ralf Martin & John Van Reenen, 2016.
"Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry,"
Journal of Political Economy, University of Chicago Press, vol. 124(1), pages 1-51.
- Aghion, Philippe & Dechezlepretre, Antoine & Hemous, David & Martin, Ralf & Van Reenen, John, 2012. "Carbon taxes, path dependency and directed technical change: evidence from the auto industry," LSE Research Online Documents on Economics 48936, London School of Economics and Political Science, LSE Library.
- Aghion, Philippe & Dechezlepretre, Antoine & Hemous, David & Martin, Ralf & Van Reenen, John, 2012. "Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry," Climate Change and Sustainable Development 143129, Fondazione Eni Enrico Mattei (FEEM).
- Philippe Aghion & Antoine Dechezleprêtre & David Hemous & Ralf Martin & John Van Reenen, 2012. "Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry," NBER Working Papers 18596, National Bureau of Economic Research, Inc.
- Philippe Aghion & Antoine Dechezleprêtre & David Hémous & Ralf Martin & John van Reenen, 2016. "Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry," PSE-Ecole d'économie de Paris (Postprint) halshs-01496920, HAL.
- Aghion, Philippe & Dechezlepretre, Antoine & Hemous, David & Martin, Ralf & Van Reenen, John, 2016. "Carbon taxes, path dependency and directed technical change: evidence from the auto industry," LSE Research Online Documents on Economics 62722, London School of Economics and Political Science, LSE Library.
- Aghion, Philippe & Van Reenen, John & Martin, Ralf & Hémous, David & Dechezleprêtre, Antoine, 2012. "Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry," CEPR Discussion Papers 9267, C.E.P.R. Discussion Papers.
- Philippe Aghion & Antoine Dechezleprêtre & David Hémous & Ralf Martin & John van Reenen, 2016. "Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry," Post-Print halshs-01496920, HAL.
- Philippe Aghion & Antoine Dechezleprêtre & David Hemous & Ralf Martin & John Van Reenen, 2012. "Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry," CEP Discussion Papers dp1178, Centre for Economic Performance, LSE.
- Aghion, Philippe & Dechezleprêtre, Antoine & Hemous, David & Martin, Ralf & Van Reenen, John, 2016. "Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry," Scholarly Articles 27759048, Harvard University Department of Economics.
- Philippe Aghion & Antoine Dechezleprêtre & David Hemous & Ralf Martin & John Van Reenen, 2012. "Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry," Working Papers 2012.99, Fondazione Eni Enrico Mattei.
- Philippe Aghion & Antoine Dechezlepr�tre & David Hemous & Ralf Martin & John Van Reenen, 2012. "Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry," GRI Working Papers 102, Grantham Research Institute on Climate Change and the Environment.
- Gans, Joshua S. & Hill, Robert J., 1997.
"Measuring product diversity,"
Economics Letters, Elsevier, vol. 55(1), pages 145-150, August.
- Gans, J.S. & Hill, R.J., 1996. "Measuring Product Diversity," Papers 96/25, New South Wales - School of Economics.
- Banzhaf, H. Spencer & Kasim, M. Taha, 2019.
"Fuel consumption and gasoline prices: The role of assortative matching between households and automobiles,"
Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 1-25.
- H. Spencer Banzhaf & Taha Kasim, 2016. "Fuel Consumption and Gasoline Prices: The Role of Assortative Matching between Households and Automobiles," NBER Working Papers 22983, National Bureau of Economic Research, Inc.
- Alcalde, Pilar & Vial, Bernardita, 2016. "Willingness to Pay for Firm Reputation: Paying for Risk Rating in the Annuity Market," MPRA Paper 68993, University Library of Munich, Germany.
- George Alessandria & Joseph P. Kaboski, 2011.
"Pricing-to-Market and the Failure of Absolute PPP,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 3(1), pages 91-127, January.
- George Alessandria & Joseph P. Kaboski, 2007. "Pricing-to-market and the failure of absolute PPP," Working Papers 07-29, Federal Reserve Bank of Philadelphia.
- Steven Berry & James Levinsohn & Ariel Pakes, 2004.
"Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market,"
Journal of Political Economy, University of Chicago Press, vol. 112(1), pages 68-105, February.
- Steven Berry & James Levinsohn & Ariel Pakes, 1998. "Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market," NBER Working Papers 6481, National Bureau of Economic Research, Inc.
- Levinsohn, James & Berry, Steven & Pakes, Ariel, 2004. "Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market," Scholarly Articles 3436404, Harvard University Department of Economics.
- Steven Berry & James Levinsohn & Ariel Pakes, 2001. "Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market," Cowles Foundation Discussion Papers 1337, Cowles Foundation for Research in Economics, Yale University.
- Christian Broda & David E. Weinstein, 2006.
"Globalization and the Gains From Variety,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(2), pages 541-585.
- David Weinstein & Christian Broda, 2004. "Globalization and the Gains from Variety," 2004 Meeting Papers 530, Society for Economic Dynamics.
- Christian Broda & David E. Weinstein, 2004. "Globalization and the gains from variety," Staff Reports 180, Federal Reserve Bank of New York.
- Christian Broda & David E. Weinstein, 2004. "Globalization and the Gains from Variety," NBER Working Papers 10314, National Bureau of Economic Research, Inc.
- David Weinstein & Christian Broda, 2004. "Globalization and the Gains from Variety," Econometric Society 2004 North American Summer Meetings 508, Econometric Society.
- David E. Weinstein & Christian Broda, 2004. "Globalization And The Gains From Variety," Econometric Society 2004 Latin American Meetings 327, Econometric Society.
- Koichiro Ito & Shuang Zhang, 2020.
"Willingness to Pay for Clean Air: Evidence from Air Purifier Markets in China,"
Journal of Political Economy, University of Chicago Press, vol. 128(5), pages 1627-1672.
- Koichiro Ito & Shuang Zhang, 2016. "Willingness to Pay for Clean Air: Evidence from Air Purifier Markets in China," NBER Working Papers 22367, National Bureau of Economic Research, Inc.
- ITO Koichiro & ZHANG Shuang, 2016. "Willingness to Pay for Clean Air: Evidence from the air purifier markets in China," Discussion papers 16074, Research Institute of Economy, Trade and Industry (RIETI).
- Céline Bonnet & Pierre Dubois, 2010.
"Inference on vertical contracts between manufacturers and retailers allowing for nonlinear pricing and resale price maintenance,"
RAND Journal of Economics, RAND Corporation, vol. 41(1), pages 139-164, March.
- Dubois, Pierre & Bonnet, Céline, 2008. "Inference on Vertical Contracts between Manufacturers and Retailers Allowing for Non Linear Pricing and Resale Price Maintenanc," CEPR Discussion Papers 6918, C.E.P.R. Discussion Papers.
- Bonnet, Céline & Dubois, Pierre, 2009. "Inference on Vertical Contracts between Manufacturers and Retailers Allowing for Nonlinear Pricing and Resale Price Maintenance," IDEI Working Papers 583, Institut d'Économie Industrielle (IDEI), Toulouse.
- Bonnet, Céline & Dubois, Pierre, 2009. "Inference on Vertical Contracts between Manufacturers and Retailers Allowing for Nonlinear Pricing and Resale Price Maintenance," TSE Working Papers 09-040, Toulouse School of Economics (TSE).
- Bonnet, Céline & Dubois, Pierre, 2008. "Inference on Vertical Contracts between Manufacturers and Retailers Allowing for Non Linear Pricing and Resale Price Maintenance," IDEI Working Papers 519, Institut d'Économie Industrielle (IDEI), Toulouse, revised Dec 2008.
- Maura P. Doyle, 1997. "The effects of interest rates and taxes on new car prices," Finance and Economics Discussion Series 1997-38, Board of Governors of the Federal Reserve System (U.S.).
- Jin‐Hyuk Kim & Peter Newberry & Liad Wagman & Ran Wolff, 2022. "Local Network Effects in the Adoption of a Digital Platform," Journal of Industrial Economics, Wiley Blackwell, vol. 70(3), pages 493-524, September.
- Rebecca Hellerstein & Sofia Berto Villas-Boas, 2006.
"Arm's-length transactions as a source of incomplete cross-border transmission: the case of autos,"
Staff Reports
251, Federal Reserve Bank of New York.
- Hellerstein, Rebecca & Villas-Boas, Sofia Berto, 2006. "Arm's-Length Transactions as a Source of Incomplete Cross-Border Transmission: the Case of Autos," CUDARE Working Papers 7196, University of California, Berkeley, Department of Agricultural and Resource Economics.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeborg:v:34:y:1998:i:3:p:445-457. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jebo .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.