Abstract
We analyze the art market in Paris between the government-controlled Salon and the post-1880 system, when the Republican government liberalized art exhibitions. The jury of the old Salon decided on submissions with a bias in favor of conservative art of the academic insiders, erecting entry barriers against outsiders as the Impressionists. With a difference-in difference estimation, we provide evidence that the end of the government-controlled Salon contributed to start the price increase of the Impressionists relative to the insiders.
Original language | English |
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Pages (from-to) | 1-20 |
Number of pages | 20 |
Journal | European Journal of Political Economy |
DOIs | |
Publication status | Published - 2020 |
Keywords
- art market