Yeah, is the top only fans girl really 10x or whatever more valuable than the penultimate only fans girl? Same for the arts. Same for most market segments whose products are artfully differentiated to prevent the customer from commoditising them mentally.
gruez|3 years ago
That's the wrong interpretation. The reason why the top only fan girl gets 10x more revenue than the penultimate only fans girl is because she's marginally better, so more people flock to her. This works because her marginal cost of production is zero, so her having 10x the fans doesn't cost her 10x the work. The same applies to other professions where the marginal cost is zero. I doubt the average NFL player signing multi-million dollar contracts are hundreds/thousands of times better than the amateur player, but because sports leagues wants to hire the best, the top players get a disproportionate amount of money chasing after them.
ffwacom|3 years ago