  The cosmological background of ionizing radiation has been dominated by
quasars once the Universe aged by ~2 billion years. At earlier times (redshifts
z>3), the observed abundance of bright quasars declined sharply, implying that
cosmic hydrogen was reionized by stars instead. Here, we explain the physical
origin of the transition between the dominance of stars and quasars as a
generic feature of structure formation in the concordance LCDM cosmology. At
early times, the fraction of baryons in galaxies grows faster than the maximum
(Eddington-limited) growth rate possible for quasars. As a result, quasars were
not able to catch up with the rapid early growth of stellar mass in their host
galaxies.
