Superstars

Champarnaud, Luc

Document type :

Partie d'ouvrage

DOI :

10.4337/9781788970747.00028

Title :

Superstars

Author(s) :

Champarnaud, Luc [Auteur]
Lille économie management - UMR 9221 [LEM]

Scientific editor(s) :

Trine Bille (dir.)
Anna Mignosa (dir.)
Ruth Towse (dir.)

Book title :

Teaching Cultural Economics

Publisher :

Edward Elgar Publishing

Publication date :

2020-02-06

HAL domain(s) :

Sciences de l'Homme et Société
Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

The field of cultural economics considers the phenomenon of superstardom an important and stimulating subject. Large sums of money, demand, and the talent of artists seem to be bound by a kind of logic that the economic ...
Show more >The field of cultural economics considers the phenomenon of superstardom an important and stimulating subject. Large sums of money, demand, and the talent of artists seem to be bound by a kind of logic that the economic theory textbooks explain badly. We speak of ‘superstars’ when there is evidence of small differences in talent between certain artists whose incomes differ considerably from one each other. Two explanatory arguments have been advanced: the ‘poor substitutability of high quality’ argument convincingly succeeds in reconciling this phenomenon with a theory of market that performs well; the ‘winner-takes-all’ argument denies the plausibility of such an accordance and considers that superstars are chosen mainly at random. Some glaring examples of the phenomenon are presented here. One of the main methodological problems in assessing the validity of these theoretical arguments is the absence of a reliable measure of talent.Show less >

Language :

Anglais

Audience :

Internationale

Popular science :

Non

Comment :

Collection Economics 2020. Chapitre 19.

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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