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Talent and/or Popularity: What Does It Take to Be a Superstar?


Franck, Egon; Nüesch, Stephan (2012). Talent and/or Popularity: What Does It Take to Be a Superstar? Economic Inquiry, 50(1):202-216.

Abstract

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 setting, we use 20 different performance indicators to estimate a player's talent according to his ability to increase the team's winning probability.

Abstract

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 setting, we use 20 different performance indicators to estimate a player's talent according to his ability to increase the team's winning probability.

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29 citations in Web of Science®
33 citations in Scopus®
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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Date:January 2012
Deposited On:13 Feb 2012 16:22
Last Modified:08 Aug 2017 10:47
Publisher:Wiley-Blackwell
ISSN:0095-2583 (P) 1465-7295 (E)
Publisher DOI:https://doi.org/10.1111/j.1465-7295.2010.00360.x

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Language: English
Filetype: PDF (Working Paper 2009)
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