If the NCAA let colleges pay athletes with more than scholarships (which currently may cover tuition, books, room and board), then top colleges in men’s basketball and football would pay most athletes substantial sums beyond full scholarships.
Responses
Responses weighted by each expert's confidence
| Participant | University | Vote | Confidence | Bio/Vote History |
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 Daron Acemoglu |
MIT | Bio/Vote History | ||
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 Alberto Alesina |
Harvard | Bio/Vote History | ||
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 Joseph Altonji |
Yale | Bio/Vote History | ||
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 Alan Auerbach |
Berkeley | Bio/Vote History | ||
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 David Autor |
MIT | Bio/Vote History | ||
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 Katherine Baicker |
University of Chicago | Bio/Vote History | ||
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 Abhijit Banerjee |
MIT | Bio/Vote History | ||
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If colleges commit when the student joins (bidding on transfers not allowed) the earnings effect will be small. Too much uncertainty at 17
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 Marianne Bertrand |
Chicago | Bio/Vote History | ||
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 Markus Brunnermeier |
Princeton | Bio/Vote History | ||
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 Raj Chetty |
Harvard | Bio/Vote History | ||
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 Judith Chevalier |
Yale | Bio/Vote History | ||
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 Janet Currie |
Princeton | Did Not Answer | Bio/Vote History | |
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 David Cutler |
Harvard | Bio/Vote History | ||
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 Angus Deaton |
Princeton | Bio/Vote History | ||
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 Darrell Duffie |
Stanford | Bio/Vote History | ||
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 Aaron Edlin |
Berkeley | Bio/Vote History | ||
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The million dollar (and often multi million dollar) salaries of top basketball coaches in NCAA basketball testify to the value of winning.
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 Barry Eichengreen |
Berkeley | Bio/Vote History | ||
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Most atheletes, or superstar atheletes?
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 Liran Einav |
Stanford | Bio/Vote History | ||
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 Ray Fair |
Yale | Bio/Vote History | ||
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 Amy Finkelstein |
MIT | Bio/Vote History | ||
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 Pinelopi Goldberg |
Yale | Bio/Vote History | ||
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 Austan Goolsbee |
Chicago | Bio/Vote History | ||
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the best athletes at the best D-1 schools would obviously be paid a lot
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 Michael Greenstone |
University of Chicago | Bio/Vote History | ||
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& would be a series of distributional issues affecting non-revenue men's and women's sports who have largely benefited from cross subsidies
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 Robert Hall |
Stanford | Bio/Vote History | ||
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Star basketball and football players, for sure. Historically, this has been happening through alumni off-campus deals and the like.
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 Oliver Hart |
Harvard | Bio/Vote History | ||
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Since the stakes are high, the incentive to pay top athletes a lot is strong. Preserving equity among students is a small mitigating force.
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 Bengt Holmström |
MIT | Bio/Vote History | ||
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 Caroline Hoxby |
Stanford | Bio/Vote History | ||
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 Hilary Hoynes |
Berkeley | Bio/Vote History | ||
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 Kenneth Judd |
Stanford | Bio/Vote History | ||
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Athletes will receive more money but it is not clear that there can be big gaps between the money sports and other sports.
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 Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
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 Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
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Players get few rents now. That would change for sure
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 Pete Klenow |
Stanford | Bio/Vote History | ||
 Jonathan Levin |
Stanford | Bio/Vote History | ||
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Schools are not afraid to spend money to win at football & basketball - look at coaching salaries.
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 Eric Maskin |
Harvard | Bio/Vote History | ||
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 William Nordhaus |
Yale | Bio/Vote History | ||
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"Most" probably wrong, but likely see the superstar compensation phenomenon, with some million dollar athletes.
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 Maurice Obstfeld |
Berkeley | Bio/Vote History | ||
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 Emmanuel Saez |
Berkeley | Bio/Vote History | ||
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 Larry Samuelson |
Yale | Bio/Vote History | ||
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One would surely expect the athletes to capture some of surplus, just as baseball players did when the reserve clause was eliminated.
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 José Scheinkman |
Columbia University | Did Not Answer | Bio/Vote History | |
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 Richard Schmalensee |
MIT | Bio/Vote History | ||
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Some schools would clearly pay some athletes a good deal more, but I have a hard time with "most."
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 Carl Shapiro |
Berkeley | Bio/Vote History | ||
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There is a great deal of evidence that individual colleges would pay athletes more if allowed.
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 Robert Shimer |
University of Chicago | Bio/Vote History | ||
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Some would get paid substantial salaries. Unclear if median athlete would be helped. There are probably some cross subsidies today.
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 Nancy Stokey |
University of Chicago | Bio/Vote History | ||
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Presumably this is the definition of "top colleges in ... ."
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 Richard Thaler |
Chicago Booth | Bio/Vote History | ||
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Pay would go up for stars, unless the schools could collude, as they do now. More interesting question: should the athletes be paid? Yes
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 Christopher Udry |
Northwestern | Bio/Vote History | ||
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There is a regular parade of recruiting violations in the face of potentially harsh penalties. The only question is if it would be "most".
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