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Talent and/or Popularity - What Does it Take to Be a Superstar

  • Egon Franck

    ()

  • Stephan Nüesch

    ()

    (Institute for Strategy and Business Economics, University of Zurich
    Institute for Strategy and Business Economics, University of Zurich)

We show that both talent and popularity significantly contribute to stars’ market values in German soccer. The talent-versus-popularity controversy on the sources of stardom goes back to Rosen (1981) and Adler (1985). All attempts to resolve the controversy empirically face the difficulty of accurately identifying talent. In professional sports, rank-order tournaments help in ascertaining talent. Analyzing a team production setting, we make use of a large number of performance indicators to estimate a player’s talent according to his contribution to the team’s winning chances.

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File URL: http://repec.business.uzh.ch/RePEc/rsd/CRSA_WPS/18_CRSA_full.pdf
File Function: This Version: 2009
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Paper provided by University of Zurich, Center for Research in Sports Administration (CRSA) in its series Working Papers with number 0018.

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Length: 47
Date of creation: 2007
Date of revision:
Handle: RePEc:rsd:wpaper:0018
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