Each art market shapes to its context. I look only at markets that shape around competitive choices of commitments by a group of producers who lie intermediary between the sources they craw upon and the buyers they deliver to. Today I apply to art markets an explicit model for profiles of commitments that can sustain flows from procurement side through the producers to the buyer side.
Harrison C. White, Giddings Professor of Sociology, Columbia University
View the paper: "Inventory Of Dynamics In Art Markets"