“Liberalizing Art. Evidence on the Impressionists at the End of the Paris Salon”, 2020-03-01 (; similar):
The end of the government-controlled Salon started the appreciation of impressionism.
Evidence that the liberalization of art exhibitions started the appreciation of art innovations.
A study of the impact of 1880 liberalization of art exhibitions in Paris.
Difference-in difference estimation on art policy.
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.
[Keywords: Art market, Liberalization, Market structure, Insider-outsider, Hedonic regressions, Impressionism]