IDEAS home Printed from https://ideas.repec.org/p/nom/nubsmc/2009-06.html
   My bibliography  Save this paper

Superstars, Winner-Take-All Markets and Economic Growth

Author

Listed:
  • Baochun Peng

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”.

Suggested Citation

  • Baochun Peng, 2009. "Superstars, Winner-Take-All Markets and Economic Growth," NUBS Malaysia Campus Research Paper Series 2009-06, Nottingham University Business School Malaysia Campus.
    • Handle: RePEc:nom:nubsmc:2009-06
    as

    Download full text from publisher

    File URL: http://ssrn.com/abstract=1392642
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rasyad A. Parinduri (email available below). General contact details of provider: https://edirc.repec.org/data/bsnotmy.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.