Overconfidence in the art market: a bargaining pricing model with asymmetric disinformation
F Angelini, M Castellani, L Zirulia - Economia Politica, 2022 - Springer
This paper develops a Nash bargaining model of price formation in the art market. Agents
can be naïve, if they are overconfident and either overestimate artistic quality or …
can be naïve, if they are overconfident and either overestimate artistic quality or …
How to Deal with Fakes in the Art Market? A Theoretical Model Exploring Labeling and Price-Setting Strategies at Auction
M Marchenko, ASV Radermecker… - A Theoretical Model …, 2022 - papers.ssrn.com
In this paper, we explore labeling strategies in markets trading credence goods and
characterized by asymmetric information. Using the art market as a specific case study, we …
characterized by asymmetric information. Using the art market as a specific case study, we …