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- Title
Untalented but successful? Rosen and Adler superstar Pokemons.
- Authors
Gergaud, Olivier; Verardi, Vincenzo
- Abstract
When studying the reasons why and the conditions under which superstars emerge in some markets, scholars face difficulties in measuring talent, obtaining confidential data on earnings, and finding appropriate econometric techniques that cope with the presence of outliers (superstars). In this paper, we use a dataset from the Pokemon trading card game in which (i) there is no unidentifiable heterogeneity, (ii) rarity can be separated from talent, and (iii) objective earnings are observable through transaction prices. Using various parametric or semiparametric estimation techniques, we confirm that the relationship between talent and economic success is convex. On top of that, we document the existence of a different category of superstars with inferior talent and short-lived economic success.
- Subjects
TRADING cards; CARD games; BUSINESS cards; EMERGING markets; PSYCHOLOGICAL adaptation
- Publication
Empirical Economics, 2021, Vol 60, Issue 5, p2637
- ISSN
0377-7332
- Publication type
Article
- DOI
10.1007/s00181-020-01835-1