Abstract : We hypothesize the existence of a slow-moving fad component in art prices. Using unique panel survey data on art market participants' confidence levels in the outlook for a set of artists, we find that sentiment indeed predicts short-term returns.
https://hal-hec.archives-ouvertes.fr/hal-00982427
Contributeur : Amaury Bouvet
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Soumis le : mercredi 23 avril 2014 - 18:26:04
Dernière modification le : lundi 12 février 2018 - 15:36:01
