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| Author: | Schulze, G. |
| Title: | International trade in art |
| Journal: | Journal of Cultural Economics
1999 : VOL. 23:1-2, p. 109-136 |
| Index terms: | CULTURE INTERNATIONAL TRADE ART |
| Language: | eng |
| Abstract: | This paper investigates the extent to which trade theory is applicable for explaining trade in art. Reproducible art is distinguished from unique art and it is argued that the trade in reproducible art is, at least in principle, governed by the same economic laws as trade in other differentiated products. However, trade theory needs to be amended in order to account for the addictive character of art consumption: culture specific consumption capital is built up with art consumption. |
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