Séminaire NANCY – Bertrand CRETTEZ (CRED)

Détails de l'événement :

“On the Preservation of Illegal Street Art”

Abstract:

Protecting street art faces significant hurdles. To ovecome them, Salib (2015) proposes to unbundle the various rights that art ownership usually implies. Specifically, he proposes to treat the finder of a street art piece as a minority shareholder in this piece, granting him some percentage of its value. We provide an economic analysis of this scheme by refining a simple discovery process model involving street art finders and the owner of the premises where street art is found. We determine both the optimal number of researchers and the share of the street art value that should accrue to a finder. We also show that the relation between that share and the street art value is negative. Next we study the roles played by the owner and the street artist in the discovery process, repectively.