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- W3147007984 abstract "This paper argues that the “superstar” phenomenon, as a natural outcome of features of knowledge-based products, has important relevance for - and has so far been overlooked by - endogenous growth theory. By modelling superstar phenomena as outcomes of winnertake-all contests in an innovation-driven endogenous growth model, where productivity growth as well as the structures of the winner-takeall contests are jointly determined, this paper provides a framework that simultaneously accounts for changes in income disparity observed in recent decades, the rise of the superstar phenomenon, the intensification of winner-take-all contests, and the “paradox of happiness”." @default.
- W3147007984 created "2021-04-13" @default.
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- W3147007984 date "2009-01-01" @default.
- W3147007984 modified "2023-09-23" @default.
- W3147007984 title "Superstars, Winner-Take-All Markets and Economic Growth" @default.
- W3147007984 hasPublicationYear "2009" @default.
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