Artnet specialists Jason Rulnick and Sylvie François Sturtevant discuss the nuances between "scarcity" and "rarity" in the market.

Economics is the study of how we use our limited resources (time, money, etc.) to achieve our goals. This definition refers to physical scarcity. In a recent book titled Scarcity, Mullainathan & Eldar ...

In a general sense, today’s online spaces have created environments where content is easily accessible, endlessly copiable, and of uncertain worth. The concept of scarcity, which serves as a definer ...