Abstract and Keywords
This chapter explores the various aspects of the analysis of the National Collegiate Athletic Association (NCAA) as a cartel, using the economic theory of cartels to study the institutional practices of the NCAA with respect to its regulation of student-athletes. The NCAA's unique qualities do not require a different kind of economic analysis, only careful application of the appropriate and existing analysis. The NCAA provides a useful setting for applications and tests of cartel theory. The available evidence of price fixing, output controls, compensation of athletes below their marginal-revenue products (MRPs), the absence of regulation of brand-name and capital assets, and so on, taken together, indicate cartel behavior. The linkage between academics and athletics is probably the real source of the NCAA's cartel power. The enforcement process is predictably carried out to benefit traditional winners in college football, and there is no easy way to break down the cartel.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.