search query: @author Tschoegl, A. / total: 5
reference: 3 / 5
| Author: | Koford, K. Tschoegl, A. |
| Title: | The market value of rarity |
| Journal: | Journal of Economic Behavior and Organization
1998 : VOL. 34:3, p. 445-457 |
| Index terms: | ECONOMIC BEHAVIOUR ORGANIZATION INDIA |
| Language: | eng |
| Abstract: | Most theories of demand assume that consumers value the characteristics of products but are unconcerned with how many other consumers also consume the product. However, several theories of demand argue that consumers can value the exclusivity of possessing a rare object. The authors test this implication on a particular collectible, rare coins. The authors' paper examines the case of coins of a given type and identical quality that have mintages in different quantities. |
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