Innovations by painters between Renaissance and Rococò: Towards an economic theory of art history

Federico Etro 30 November 2012

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During the Renaissance, painters’ works were priced on quality and novelty. I will argue that their innovative activity was also driven by profitability, from a Schumpeterian perspective.

Innovations in painting

According to Galenson (2009) there are two kinds of innovations in painting;

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Topics:  Frontiers of economic research

Tags:  markets, innovation, art, art history

What’s the use of economics?

Alan Kirman 29 October 2012

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This column is a lead commentary in the VoxEU Debate "What's the use of economics?"

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Topics:  Global crisis

Tags:  markets, financial crisis, global crisis

Managing licensing in a market for technology

Ashish Arora, Andrea Fosfuri, Thomas Rønde,

Date Published

Tue, 07/10/2012

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Experimental economics and policy design

Steffen Huck, Jean-Robert Tyran,

Date Published

Fri, 06/29/2007

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The general public and many politicians tend to be sceptical that unregulated markets are good for people’s wellbeing. Economists have known forever that laissez-faire yields the first best only under fairly unrealistic assumptions. The theory of industrial organization describes when markets work, when they fail and how such failures can be remedied. Unfortunately, these theories are often difficult to relate to and to implement in practice. One reason is that theory is simple and abstract. Reality, however, rarely cooperates with the simplifying assumptions.

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Experimental economics and policy design

Steffen Huck, Jean-Robert Tyran 30 June 2007

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The general public and many politicians tend to be sceptical that unregulated markets are good for people’s well-being. Economists have known forever that laissez-faire yields the first best only under fairly unrealistic assumptions. The theory of industrial organisation describes when markets work, when they fail and how such failures can be remedied. Unfortunately, these theories are often difficult to relate to and to implement in practice. One reason is that theory is simple and abstract. Reality, however, rarely cooperates with the simplifying assumptions.

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Topics:  Frontiers of economic research

Tags:  experimental economics, markets, trust problem

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