We analyze the Paris art market between the government-controlled Salon as a centralized organization of art exhibition and the system liberalized by the Republican government based on competition between independent exhibitions. The jury of the old Salon decided on submissions with a bias toward conservative art of the academic insiders, reducing demand for the outsiders, as confirmed by the impact on prices of the acceptance of Impressionists. With a difference-in difference estimation we provide evidence that the end of the government-controlled Salon in 1880 started the increase of the prices of the Impressionists relative to the insiders.

Etro, F., Marchesi, S., & Stepanova, E. (2018). Liberalizing Art: Evidence on the Impressionists at the end of the Paris Salon [Working paper del dipartimento].

Liberalizing Art: Evidence on the Impressionists at the end of the Paris Salon

Marchesi, S;
2018

Abstract

We analyze the Paris art market between the government-controlled Salon as a centralized organization of art exhibition and the system liberalized by the Republican government based on competition between independent exhibitions. The jury of the old Salon decided on submissions with a bias toward conservative art of the academic insiders, reducing demand for the outsiders, as confirmed by the impact on prices of the acceptance of Impressionists. With a difference-in difference estimation we provide evidence that the end of the government-controlled Salon in 1880 started the increase of the prices of the Impressionists relative to the insiders.
Working paper del dipartimento
Scientifica
Art market, Market structure, Insider-Outsider, Hedonic regressions, Impressionism
English
2018
N. 386
Etro, F., Marchesi, S., & Stepanova, E. (2018). Liberalizing Art: Evidence on the Impressionists at the end of the Paris Salon [Working paper del dipartimento].
Etro, F; Marchesi, S; Stepanova, E
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/206405
Citazioni
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
Social impact