Awards, success and aesthetic quality in the arts
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.
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|Date of creation:||2003|
|Date of revision:|
|Publication status:||Published in: Journal of Economic Perspectives (2003) v.17,p.99-111|
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- Victor Ginsburgh & Luc Bauwens, 2000.
"Art experts and auctions :are pre-sale estimates unbiased and fully informative,"
ULB Institutional Repository
2013/152099, ULB -- Universite Libre de Bruxelles.
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- BAUWENS, Luc & GINSBURGH, Victor, . "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).
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- Joshua Angrist & Alan B. Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," NBER Working Papers 8456, National Bureau of Economic Research, Inc.
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