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'Protecting' the National Artistic Patrimony; An Economics Perspective

Author

Listed:
  • John O'Hagan
  • Clare McAndrew

Abstract

This paper analyses the rationale for restricting the international trade in art, namely protection of the national artistic patrimony. The meaning of national patrimony is analysed and rationales for state ownership and interventions in the art market analysed in light of the non-private benefits that this category of art produces. Distributional concerns in the international movement of art are considered along with the 'endowment effect' that can arise when dealing with potential transactions of patrimony art. Finally the paper provides a taxonomy of restrictions used to prevent art objects leaving a nation namely export restrictions, import regulations, and tax policies and incentives.

Suggested Citation

  • John O'Hagan & Clare McAndrew, 2000. "'Protecting' the National Artistic Patrimony; An Economics Perspective," Trinity Economics Papers 20007, Trinity College Dublin, Department of Economics.
  • Handle: RePEc:tcd:tcduee:20007
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    File URL: http://www.tcd.ie/Economics/TEP/2000_papers/tepno7JOH20.pdf
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    References listed on IDEAS

    as
    1. John O'Hagan & Denice Harvey, 2000. "Why Do Companies Sponsor Arts Events? Some Evidence and a Proposed Classification," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 24(3), pages 205-224, August.
    2. G√ľnther Schulze, 1999. "International Trade in Art," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 23(1), pages 109-136, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H40 - Public Economics - - Publicly Provided Goods - - - General

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