Borghans, Lex; Groot, Loek - In: Journal of Institutional and Theoretical Economics (JITE) 154 (1998) 3, pp. 546-546
In this paper we develop in two steps an argument which shows that superstar incomes exceed their marginal contribution to welfare. Firstly, we argue that superstar incomes can only exist if two conditions are met: There should indeed be differences in talent; but also superstars must be able to...