Arbeitspapier
Financial Returns to Collecting Rare Political Economy Books
Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period 1975-2019, I find that in those 45 years investing in rare political economy books yielded an average annual real rate of return of 2.8%, which is well in line with the returns to collecting rare books of classical literature. Compared with other collectibles such as fine art, investing in rare books turns out to be financially more profitable.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 8910
- Klassifikation
-
Wirtschaft
Portfolio Choice; Investment Decisions
Cultural Economics: Economics of the Arts and Literature
- Thema
-
rare books
political economy
price indices
collectibles
cultural economics
history of economic thought
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ursprung, Heinrich
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and Ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ursprung, Heinrich
- Center for Economic Studies and Ifo Institute (CESifo)
Entstanden
- 2021
Ähnliche Objekte (12)
Jane Beats Them All: Price Formation and Financial Returns to Investing in Rare Books
The tulip garden : growing and collecting species, rare and annual varieties
Rare events and financial markets
Asset returns and financial fragility
Financial literacy and savings account returns
Financial literacy and savings account returns
Financial literacy and savings account returns
On collecting
Collecting design
On collecting
Collecting Loss
Collecting contemporary
Jane Beats Them All: Price Formation and Financial Returns to Investing in Rare Books
The tulip garden : growing and collecting species, rare and annual varieties
Rare events and financial markets
Asset returns and financial fragility
Financial literacy and savings account returns
Financial literacy and savings account returns
Financial literacy and savings account returns
On collecting
Collecting design
On collecting
Collecting Loss
Collecting contemporary
Jane Beats Them All: Price Formation and Financial Returns to Investing in Rare Books
The tulip garden : growing and collecting species, rare and annual varieties
Rare events and financial markets
Asset returns and financial fragility
Financial literacy and savings account returns
Financial literacy and savings account returns
Financial literacy and savings account returns
On collecting
Collecting design
On collecting
Collecting Loss