Liberalizing art. Evidence on the Impressionists at the end of the Paris Salon

Elena Stepanova, Federico Etro, Silvia Marchesi

Research output: Contribution to journalArticle

3 Citations (Scopus)

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 languageEnglish
Pages (from-to)1-20
Number of pages20
JournalEuropean Journal of Political Economy
DOIs
Publication statusPublished - 2020

Keywords

  • art market

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