Superstar effect


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The superstar effect is an economic phenomenon studied by Sherwin Rosen, starting from the following question: "Why does a small number of people dominate an economic field by gaining a lot of money? "

For Rosen, small differences in talent among the best translate into large differences in income. Indeed more talented people sell their work a little more expensive, but sell very large quantities. As a result, "their income comes primarily from bulk sales rather than from higher prices." Robert Frank and Philip Cook popularized the debate on the perverse consequences of the superstar effect in a book called The Winner-Take-All Society. They castigate the market society where the winner "wins the day".

In economics, the superstar effect is often studied in combination with the long-tail effect, for example in the study of the music market. code Notes and edit the code

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