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.
CITATION STYLE
Etro, F., Marchesi, S., & Stepanova, E. (2020). Liberalizing art. Evidence on the Impressionists at the end of the Paris Salon. European Journal of Political Economy, 62. https://doi.org/10.1016/j.ejpoleco.2020.101857
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