The Economics of Superstars¶
Rosen, S. (1981). The Economics of Superstars. American Economic Review, 71(5), 845-858.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Winner Take All Market
- The classic formalization treats cases where a single performer can be consumed by an arbitrarily large audience at near-zero marginal cost — a recording, a software product, a televised match — so that the joint scaling of audience with easy-to-replicate output multiplies even a small quality edge into a vast revenue gap.
This sourceCanonical formalization of winner-take-all/superstar markets: near-zero marginal-cost replication (joint consumption) plus audience scaling multiplies a small quality edge into a vast revenue gap.
- The classic formalization treats cases where a single performer can be consumed by an arbitrarily large audience at near-zero marginal cost — a recording, a software product, a televised match — so that the joint scaling of audience with easy-to-replicate output multiplies even a small quality edge into a vast revenue gap.
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