The social construction of quality: status dynamics in the market for contemporary art

@article{Yogev2010TheSC,
  title={The social construction of quality: status dynamics in the market for contemporary art},
  author={Tamar Yogev},
  journal={Socio-economic Review},
  year={2010},
  volume={8},
  pages={511-536}
}
  • Tamar Yogev
  • Published 2010
  • Economics
  • Socio-economic Review
The association between quality assessment and status attainment is fundamental in the sociology of markets. However, past literature failed to explain status dynamics such as mobility in the status order where highly uncertain goods make quality hard to measure. This paper contributes to the understanding of this relationship by identifying various social mechanisms behind quality evaluation processes. It also explores why certain products are considered to be more valuable than others. The… Expand
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