Champarnaud, Luc - In: Journal of Cultural Economics 38 (2014) 4, pp. 369-384
We reconsider Rosen’s economics of superstars model establishing, in the case of single-type consumers, a constant price-to-quality ratio. Rosen also conjectured that, in the case of multiple-type consumers, the normal course of consumer behavior forces the price-to-quality relationship to be...