Advanced Search
MyIDEAS: Login to save this paper or follow this series

Superstars, Winner-Take-All Markets and Economic Growth

Contents:

Author Info

  • Baochun Peng

    ()

Registered author(s):

    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”.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://ssrn.com/abstract=1392642
    Download Restriction: no

    Bibliographic Info

    Paper provided by Nottingham University Business School Malaysia Campus in its series NUBS Malaysia Campus Research Paper Series with number 2009-06.

    as in new window
    Length:
    Date of creation: Jun 2009
    Date of revision:
    Handle: RePEc:nom:nubsmc:2009-06

    Contact details of provider:
    Postal: Jalan Broga, 43500 Semenyih, Selangor Darul Ehsan
    Phone: +603 8924 8000
    Fax: +603 8924 8002
    Email:
    Web page: http://www.nottingham.edu.my/nubs/
    More information through EDIRC

    Order Information:
    Email:

    Related research

    Keywords: Endogenous growth; Winner-take-all contest; Superstars; Income inequality; Happiness;

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:nom:nubsmc:2009-06. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rasyad A. Parinduri).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.