Heavy Lifting - thoughts and web finds by an economist
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Friday, August 10, 2007
The NCAA may provide some public-good type benefits but it nevertheless meets many of the textbook qualifications of a cartel: it controls a primary input market (athletes), it controls the primary output market (sporting events and championships), it has a monitoring mechanism (thousands of potential whistleblowers and a full time staff of investigators), and it has a punishment mechanism (probation, post-season bans, scholarship reductions, and potentially the "death penalty").
The NCAA cartel has now explicitly limited new members to its most competitive division. From today's Chronicle of Higher Education:
Here is the original NCAA story - happy reading.
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