Substitution and superstars

C-Tier
Journal: Economics Letters
Year: 2014
Volume: 125
Issue: 2
Pages: 240-242

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The existing superstar model (Rosen, 1981) does not require imperfect substitutes, and the convexity of total earnings with respect to talent is due to greater output for those with more talent. Our model explains why wages would increase at an increasing rate in talent. Imperfect substitutability between non-superstars and superstars with probabilistic production results in convexity in wage rates.

Technical Details

RePEc Handle
repec:eee:ecolet:v:125:y:2014:i:2:p:240-242
Journal Field
General
Author Count
1
Added to Database
2026-01-28