WorldCat Identities

Graddy, Kathryn Jo 1963-

Works: 47 works in 214 publications in 3 languages and 852 library holdings
Genres: Textbooks  Conference papers and proceedings 
Roles: Author, Creator
Publication Timeline
Most widely held works by Kathryn Jo Graddy
Essentials of economics by Paul R Krugman( Book )

22 editions published between 2010 and 2015 in Spanish and English and held by 139 WorldCat member libraries worldwide

This book brings the same captivating writing and innovative features of Krugman/Wells to the one-term combined micro/macro course. It is the ideal text for teaching basic economic principles in a real-world context to students who are not planning to continue up the economics curriculum
Economics by Paul R Krugman( Book )

19 editions published between 2006 and 2008 in English and held by 101 WorldCat member libraries worldwide

"Economics: European Edition" by leading economist, Paul Krugman, and lecturers, Robin Wells and Kathryn Graddy, is the ideal text for introductory economics, bringing together an international scope of real world examples and economic theory, which students may apply to their everyday lives. Economics is written in a style that is relevant, accessible and entertaining for students; its unique story-telling approach making economic theories easier to understand and absorb. The text is supported by a number of features to enhance student understanding as well as a full array of supplements to consolidate the learning process
The impact of school inputs on student performance : an empirical study of private schools in the UK by Kathryn Jo Graddy( Book )

7 editions published in 2003 in English and held by 18 WorldCat member libraries worldwide

In this article, we report the results of an empirical study of the impact of school inputs on pupils' performance in private (independent) schools in the United Kingdom. We use a new school-level panel dataset constructed from information provided by the Independent Schools Information Service (ISIS). We show a consistent negative relationship between the pupil-teacher ratio at a school and the average examination results at that school. Our estimates indicate that the relationship persists even when we are estimating added-value models conditional on previous exam results. The results are noteworthy in comparison with studies for the state sector, relatively few of which have found a consistent and significant effect
Testing for reference dependence : an application to the art market by Alan W Beggs( Book )

7 editions published in 2005 in English and held by 13 WorldCat member libraries worldwide

This paper tests for reference dependence, using data from Impressionist and Contemporary Art auctions. We distinguish reference dependence based on rule of thumb learning from reference dependence based on rational learning. Furthermore, we distinguish pure reference dependence from effects due to loss aversion. Thus, we use actual market data to test essential characteristics of Kahneman and Tversky`s Prospect Theory. The main methodological innovations of this paper are firstly, that reference dependence can be identified separately from loss aversion. Secondly, we introduce a consistent non-linear estimator to deal with measurement errors problems involved in testing for loss aversion. In this dataset, we find strong reference dependence but no loss aversion
Markets : the Fulton Fish Market by Kathryn Jo Graddy( Book )

6 editions published in 2006 in English and held by 12 WorldCat member libraries worldwide

Centralized markets with large numbers of buyers and sellers are generally thought of as being competitive and well-functioning. However, an important role of centralized markets is matching heterogeneous products, such as fish, to buyers of these products. The high level of differentiation in the Fulton fish market and the institutional structure at the Fulton market has led to patterns of behaviour that suggest imperfect competition and market segmentation. At times in the past, the repeated nature of price setting and extensive knowledge of the sellers may have created the basis for tacit collusion and allowed the dealers to gather economic rents by exploiting the different elasticities and buying patterns. Additional economic rents at the market were created by subsidized rents and lax regulation created fertile ground for organized crime to operate
Fiddling with value : violins as an investment? by Kathryn Jo Graddy( Book )

5 editions published in 2007 in English and held by 10 WorldCat member libraries worldwide

Failure to meet the reserve price : the impact on returns to art by Alan W Beggs( Book )

6 editions published in 2006 in English and held by 10 WorldCat member libraries worldwide

This paper presents an empirical study of paintings that have failed to meet their reserve price at auction. In the art trade it is often claimed that when an advertised item goes unsold at auction, its future value will be affected. We have constructed a new dataset specifically for the purpose of testing this proposition. To preview our results, we find that paintings that come to auction and failed return significantly less when they are eventually sold than those paintings that have not been advertised at auction between sales. These lower returns may occur because of common value effects, idiosyncratic downward trends in tastes, or changes in the seller's reserve price
When are supply and demand determined recursively rather than simultaneously? : another look at the Fulton Fish Market data by Kathryn Jo Graddy( Book )

6 editions published between 2006 and 2007 in English and held by 9 WorldCat member libraries worldwide

When a supply and demand model is recursive, with errors uncorrelated across the two equations, ordinary least square (OLS) is the recommended estimation procedure. Supply to a daily fish market is determined by the previous night's catch, so this would appear to be a good example of a recursive market. Despite this, data from the Fulton fish market are treated in the literature, without explanation, as coming from a simultaneous-equations market. We provide the missing explanation: inventory changes, influenced by current price, affect daily supply. Instrumental variable estimates using the full data set differ very little from OLS estimates using only observations with little inventory change, providing strong support for our explanation. Finally, we note that because of inventory changes, estimates of supply price elasticities in high-frequency markets must be interpreted with care
The extraordinary art critic Roger de Piles (1635-1709) : an empirical analysis of his rankings and sale prices by Kathryn Jo Graddy( Book )

6 editions published in 2012 in English and held by 9 WorldCat member libraries worldwide

Roger de Piles (1635-1709) was a French art critic who decomposed the style and ability of each artist into areas of composition, drawing, color and expression, rating each on a 20 point scale. Based on evidence from two datasets that together span from 1740 to the present, this paper shows that de Piles' four characteristics are each both currently and historically correlated with prices achieved at auction. The effect of de Piles' drawing characteristic on price has steadily decreased over the period 1736-1960 while the effect of de Piles' color characteristic appears to have increased over the same period. De Piles' overall ratings have also withstood the test of a very long period of time, with estimates indicating that the works of his higher-rated artists achieved a greater return than his lower rated artists. The annual returns of all artists that he rated achieved comparable returns to other art indices
L'essenziale di economia by Paul R Krugman( Book )

4 editions published between 2012 and 2014 in Italian and held by 9 WorldCat member libraries worldwide

La seconda edizione si conferma come un libro diverso dal solito, grazie al quale lo studente può capire l'applicazione dei modelli economici al mondo reale almeno quanto i modelli stessi. Gli autori hanno voluto che sia il significato stesso della disciplina economica - pervenire a una migliore comprensione del mondo - e non il suo funzionamento a dettare il modo in cui il libro è scritto. La parte dedicata alla macroeconomia è stata notevolmente rivista con l'aggiunta di tre nuovi capitoli e l'ampliamento del capitolo su denaro, sistema bancario e banche centrali, che comprende un'importante discussione sulle crisi finanziarie più recenti. Anche la parte dedicata alla microeconomia è stata riorganizzata e arricchita
Repeat sales indexes : estimation without assuming that errors in asset returns are independently distributed by Rachel A. J Pownall( Book )

3 editions published in 2009 in English and held by 8 WorldCat member libraries worldwide

This paper proposes an alternative specification for the second stage of the Case-Shiller repeat sales method. This specification is based on serial correlation in the deviations from the mean one-period returns on the underlying individual assets, whereas the original Case-Shiller method assumes that the deviations from mean returns by the underlying individual assets are i.i.d. The methodology proposed in this paper is easy to implement and provides more accurate estimates of the standard errors of returns under serial correlation. The repeat sales methodology is generally used to construct an index of prices or returns for unique, infrequently traded assets such as houses, art, and musical instruments which are likely to be prone to exhibit serial correlation in returns. We demonstrate our methodology on a dataset of art prices and on a dataset of real estate prices from the city of Amsterdam
The impact of the droit de suite in the UK : an empirical analysis by Kathryn Jo Graddy( Book )

3 editions published in 2009 in English and held by 7 WorldCat member libraries worldwide

Freedom, growth, and the environment by Scott Barrett( Book )

2 editions published in 1998 in English and held by 6 WorldCat member libraries worldwide

Auction house guarantees for works of art by Kathryn Jo Graddy( Book )

5 editions published in 2014 in English and held by 5 WorldCat member libraries worldwide

Auction houses use both in-house and third-party guarantees for sellers who are concerned about the risk that not enough bidders will enter the auction for their works. Auction houses are compensated for guarantees by buyers' commissions and successful sales after attracting important works of art. Sellers compensate third-party guarantors by splitting the excess of the final sale price over the guarantee. The guarantor can bid in the auction, and at Christie's, the third-party guarantor still receives a share of the difference between the winning price and the guarantee price, even if he wins the auction, which means the guarantor has a "toehold". We explore the effect of guarantees (both in-house and third-party) on prices in art auctions, using a large database of auctions and a smaller database of repeat sales
Death, bereavement, and creativity by Kathryn Jo Graddy( Book )

5 editions published in 2015 in English and held by 4 WorldCat member libraries worldwide

Does creativity, on average, increase or decrease during bereavement? Dates of death of relatives and close friends of 33 French artists and 15 American artists were gathered from electronic sources and biographies, and information on over 15,000 paintings was collected from Blouin's Art Sales Index and the Metropolitan Museum of Art's online collection, including over 12,000 observations on price. To preview the results, an event study indicates that prices of paintings decrease by over one-third on average in the two years following the death of a friend or relative. Furthermore, paintings that were created during this bereavement period are less likely to be included in the the Met's collection
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Audience Level
Audience Level
  Kids General Special  
Audience level: 0.74 (from 0.66 for Essentials ... to 0.98 for L'essenzia ...)

Alternative Names
Graddy, K. 1963-

Graddy, Kathryn

Graddy, Kathryn 1963-

Graddy, Kathryn Jo 1963-

그래디, 캐서린 1963-

English (91)

Spanish (11)

Italian (4)