Robert B. Ekelund, Jr. is Professor and Eminent Scholar Emeritus in economics at Auburn University. John D. Jackson is Professor of Economics, Emeritus at Auburn University. Robert D. Tollison (deceased) was the J. Wilson Newman Professor Economics at Clemson University. He came to Clemson in 2003.

The social sciences and the humanities come together in analyses of art markets, a subject of increasing interest in recent years to economists, historians, philosophers, and scholars in all fields interested in the important policy questions that are raised. This is the first major survey and integration of research that has been undertaken thus far. This book will serve as an excellent introduction for interested scholars in all fields and as a text for courses and seminars in colleges and universities.

• Preface CHAPTER 1: MARKETS, CULTURE AND AMERICAN ART CHAPTER 2: DIMENSIONS OF THE AMERICAN ART MARKET CHAPTER 3: MYSTERY OF THE ARTIST'S NATURE: CREATIVITY, AGE AND ECONOMICS CHAPTER 4: AMERICAN ART, "EXPERTS" AND AUCTION INSTITUTIONS CHAPTER 5: EARLY AND CONTEMPORARY ART AS INVESTMENT VEHICLES CHAPTER 6: AMERICAN ART AND ILLEGAL ACTIVITY: AN ECONOMIC PERSPECTIVE CHAPTER 7: THE IMPACT OF DEATH AND BUBBLES IN AMERICAN ART CHAPTER 8: THE ONGOING EVOLUTION OF AMERICAN ART APPENDICES REFERENCES

Robert B. Ekelund, Jr. is Professor and Eminent Scholar Emeritus in economics at Auburn University. John D. Jackson is Professor of Economics, Emeritus at Auburn University. Robert D. Tollison (deceased) was the J. Wilson Newman Professor Economics at Clemson University. He came to Clemson in 2003.

The social sciences and the humanities come together in analyses of art markets, a subject of increasing interest in recent years to economists, historians, philosophers, and scholars in all fields interested in the important policy questions that are raised. This is the first major survey and integration of research that has been undertaken thus far. This book will serve as an excellent introduction for interested scholars in all fields and as a text for courses and seminars in colleges and universities.

• Preface CHAPTER 1: MARKETS, CULTURE AND AMERICAN ART CHAPTER 2: DIMENSIONS OF THE AMERICAN ART MARKET CHAPTER 3: MYSTERY OF THE ARTIST'S NATURE: CREATIVITY, AGE AND ECONOMICS CHAPTER 4: AMERICAN ART, "EXPERTS" AND AUCTION INSTITUTIONS CHAPTER 5: EARLY AND CONTEMPORARY ART AS INVESTMENT VEHICLES CHAPTER 6: AMERICAN ART AND ILLEGAL ACTIVITY: AN ECONOMIC PERSPECTIVE CHAPTER 7: THE IMPACT OF DEATH AND BUBBLES IN AMERICAN ART CHAPTER 8: THE ONGOING EVOLUTION OF AMERICAN ART APPENDICES REFERENCES

Robert B. Ekelund, Jr. is Professor and Eminent Scholar Emeritus in economics at Auburn University. John D. Jackson is Professor of Economics, Emeritus at Auburn University. Robert D. Tollison (deceased) was the J. Wilson Newman Professor Economics at Clemson University. He came to Clemson in 2003.

The social sciences and the humanities come together in analyses of art markets, a subject of increasing interest in recent years to economists, historians, philosophers, and scholars in all fields interested in the important policy questions that are raised. This is the first major survey and integration of research that has been undertaken thus far. This book will serve as an excellent introduction for interested scholars in all fields and as a text for courses and seminars in colleges and universities.

• Preface CHAPTER 1: MARKETS, CULTURE AND AMERICAN ART CHAPTER 2: DIMENSIONS OF THE AMERICAN ART MARKET CHAPTER 3: MYSTERY OF THE ARTIST'S NATURE: CREATIVITY, AGE AND ECONOMICS CHAPTER 4: AMERICAN ART, "EXPERTS" AND AUCTION INSTITUTIONS CHAPTER 5: EARLY AND CONTEMPORARY ART AS INVESTMENT VEHICLES CHAPTER 6: AMERICAN ART AND ILLEGAL ACTIVITY: AN ECONOMIC PERSPECTIVE CHAPTER 7: THE IMPACT OF DEATH AND BUBBLES IN AMERICAN ART CHAPTER 8: THE ONGOING EVOLUTION OF AMERICAN ART APPENDICES REFERENCES