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  1. Climate, technology and value
    insights from the first decade with mass-consumption of electric vehicles
    Erschienen: June 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We investigate empirically whether the market value of electric vehicles, which have rapid technological progress, decline faster over their lifetime than gasoline vehicles, which is a mature technology. We use novel data from the market with the... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63
    keine Fernleihe

     

    We investigate empirically whether the market value of electric vehicles, which have rapid technological progress, decline faster over their lifetime than gasoline vehicles, which is a mature technology. We use novel data from the market with the highest market shares for electric vehicles in the world, Norway, from the largest web platform for secondhand vehicles for 2011-2021. The price path of electric vehicles declines faster than gasoline vehicles. This seems to be driven by the electric vehicles with below median driving range. We hypothesize that the large price drop is mainly due to the fast technological improvement of electric vehicles.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/263744
    Schriftenreihe: CESifo working paper ; no. 9814 (2022)
    Schlagworte: energy transition; price; technological progress; low-carbon technologies; electric vehicles; secondhand market; climate policy
    Umfang: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  2. Understanding prices at art auctions
    a conceptual framework for the auction price mechanism
    Autor*in: Noll, Laura
    Erschienen: 2022

    Since the growth of the art market into a capitalized global art industry, public and academic discourse on art auctions has been dominated by record prices. Despite the financial potential of art auctions as well as the public and academic interest... mehr

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    Verlag (kostenfrei)
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    Resolving-System (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    keine Fernleihe

     

    Since the growth of the art market into a capitalized global art industry, public and academic discourse on art auctions has been dominated by record prices. Despite the financial potential of art auctions as well as the public and academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting approaches in theory and practice: Theory is dominated by quantitative studies that measure the effects of individual factors that determine prices. The literature body is broad but interdisciplinary and fragmented. Practice emphasizes the inadequacy of quantification. Instead, valuation relies on artwork-related characteristics and reference prices. To date, there is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three studies: A systematic literature review (Study 1) of 100 high-impact journal articles summarizes the (quantitative) knowledge on price determinants. Eleven in- depth expert interviews (Study 2) clarify how these determinants and other factors that are unquantifiable or difficult to quantify influence prices. Two digital focus groups (Study 3) resolve remaining ambiguities between theory and practice and elucidate the role of marketing for auction prices. The result is a conceptual framework for the auction price mechanism that accounts for quantifiable and unquantifiable or difficult-to-quantify factors and reveals the underlying dynamics of the art market. The thesis is of high theoretical and practical relevance: It provides an empirical basis for valuation and price explanation. On this basis, it points to promising avenues for future research in various disciplines and suggests practical implications for different stakeholders in the art market. Beyond the art market, this thesis inspires marketing and pricing in other industries.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Dissertation
    Format: Online
    Weitere Identifier:
    5238
    Schlagworte: Kunst; Kunstmarkt; Kunstauktion; Auktion; Wert; Preis; Marktmechanismus; Preispolitik; Marketing; Kulturwirtschaft; marketing; art auction; price mechanism; Preismanagement; auction; price management; art economics; Art; value; art market; cultural economics; Preismechanismus; price; Kulturökonomie
    Umfang: 1 Online-Ressource (circa 219 Seiten), Illustrationen
    Bemerkung(en):

    Dissertation, University of St.Gallen, 2020