IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-031-81892-9_10.html
   My bibliography  Save this book chapter

How Can We Create a Public Platform for Art Prices?

In: New Perspectives in the Public and Cultural Sectors

Author

Listed:
  • Chikako Ozu

    (Kyushu University)

  • Minoru Kunizaki

    (Aichi University)

Abstract

This chapter examines the role of a public platform in providing art price information to the art market. We show that the management structure of an art information platform depends on social value judgments and is operated by either private or public organizations. This chapter proposes the creation of a public platform for art price information. Considering that a public platform is a non-market organization, external monitoring and auditing of the platform are crucial. While information on a private platform is traded in the market, the information on a public platform is provided as a public good. We also address the fact that monitoring and imposing incentives on regulators and public platforms may effectively avoid moral hazards. Throughout this study, we conclude that provision of information through this public platform reduces distortions in the art markets, and that providing such information also discourages the opportunistic behavior of art providers and reduces the information asymmetries faced by potential demanders. Consequently, art markets are expected to expand through the information provided by this public platform.

Suggested Citation

  • Chikako Ozu & Minoru Kunizaki, 2025. "How Can We Create a Public Platform for Art Prices?," Contributions to Economics, in: Calogero Guccio & Isidoro Mazza & Giacomo Pignataro (ed.), New Perspectives in the Public and Cultural Sectors, pages 171-185, Springer.
    • Handle: RePEc:spr:conchp:978-3-031-81892-9_10
    DOI: 10.1007/978-3-031-81892-9_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Art market; Public pricing; Information platform; Art price index;
    All these keywords.

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

    Statistics

    Access and download statistics

    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:spr:conchp:978-3-031-81892-9_10. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.