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When a Master Dies: Speculation and Asset Float

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NBER2020-03-01 更新2025-01-04 收录
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The death of an artist constitutes a negative supply shock to his future production; in finance terms, this supply shock reduces the artist's float. Intuition may thus suggest that this supply shock reduces the future auction volume of the artist. However, if collectors have fluctuating

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2020-03-01
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