A study on Chinese art market-driven mechanism—Based on the perspective of system dynamics

摘要

The investment market of artworks had been treated as the research object, which was taken as a portfolio, their growth mechanism and the related effects were studied by using the system dynamics driving. A causal loop figure in the background of high inflation expectations have been established depend on three levels of intrinsic properties, the macro-economy, portfolio selection and investment targets set. This study have concluded that the rapid growth in investment of Chinese art market and the heterogeneity of both European and American markets attribute to superposition of multiple in speculative of high expectations of adaptive inflation.