This paper investigates the price determinants and investment performance of art. We apply
a hedonic regression analysis to a new data set of more than one million auction …

We investigate the differences in economic attitudes and financial decisions between
religious and non-religious households. Using Dutch survey data, we find that religious …

… renneboog@uvt.nl); Spaenjers: CentER, Tilburg University, PO Box 90153, Tilburg, 5000
LE, the Netherlands (e-mail: c.spaenjers@uvt.nl). The authors would like to thank Anthony …

… ׳s drinkability c i,j and the investor׳s wealth, ie, C i,j,t ≡c i,j ×… , deteriorate over time so that
c L,j =a j ×c L,0 for each age j>0… by maturing until age M, ie, c H,j =b j ×c H,0 for each age j≤M…

This paper uses stamp catalogue prices to investigate the returns on British collectible postage
stamps over the period 1900–2008. We find an annualized return on stamps of 7.0% in …

We present an infinite-horizon model of endogenous trading in the art auction market. Agents
make purchase and sale decisions based on the relative magnitude of their private use …

Real estate—housing in particular—is a less profitable investment in the long run than
previously thought. We hand-collect property-level financial data for the institutional real estate …

… We saw in panel C of Table 1 that out-of-country buyers pay substantially higher prices
on average than do French buyers. In the next section, we will analyze whether an actual “price …

Using data from a US household survey, we examine the empirical relation between subjective
life horizon (ie, the self-reported expectation of remaining life span) and portfolio choice. …

… In Dimson and Spaenjers (2011), we used these data to construct an annual stamp price
index through 2008. To extend our analysis through 2012, we chain-linked our index to the …