US

The NCAA

NCAA Division I schools coordinate compensation for men’s basketball and football players (precluding actual pay and limiting non-monetary benefits), providing rents to member schools (which may be shared with others) at the expense of those players.

Responses weighted by each expert's confidence

Participant University Vote Confidence Bio/Vote History
Acemoglu
Daron Acemoglu
MIT
Agree
4
Bio/Vote History
Alesina
Alberto Alesina
Harvard
No Opinion
Bio/Vote History
Altonji
Joseph Altonji
Yale
Agree
7
Bio/Vote History
Auerbach
Alan Auerbach
Berkeley
Agree
5
Bio/Vote History
Autor
David Autor
MIT
Agree
7
Bio/Vote History
I would say "Strongly agree, Certainty 10," but noting that I know *nothing* about sports, I'm dialing this back to "Agree, Certainty 7"
Baicker
Katherine Baicker
University of Chicago
No Opinion
Bio/Vote History
Banerjee
Abhijit Banerjee
MIT
Agree
7
Bio/Vote History
Bertrand
Marianne Bertrand
Chicago
Strongly Agree
6
Bio/Vote History
Brunnermeier
Markus Brunnermeier
Princeton Did Not Answer Bio/Vote History
Chetty
Raj Chetty
Harvard Did Not Answer Bio/Vote History
Chevalier
Judith Chevalier
Yale
Strongly Agree
10
Bio/Vote History
For more nuance on things like rent capture by coaches, there is a special issue of the Review of Industrial Organization.
-see background information here
Cutler
David Cutler
Harvard
Strongly Agree
8
Bio/Vote History
Deaton
Angus Deaton
Princeton
Agree
8
Bio/Vote History
Duffie
Darrell Duffie
Stanford
Agree
1
Bio/Vote History
While the statement seems correct, there may be socially appropriate reasons for the practice described.
Edlin
Aaron Edlin
Berkeley
Agree
7
Bio/Vote History
Eichengreen
Barry Eichengreen
Berkeley
No Opinion
Bio/Vote History
Einav
Liran Einav
Stanford
Agree
1
Bio/Vote History
Fair
Ray Fair
Yale
Strongly Agree
6
Bio/Vote History
Finkelstein
Amy Finkelstein
MIT Did Not Answer Bio/Vote History
Goldberg
Pinelopi Goldberg
Yale Did Not Answer Bio/Vote History
Goolsbee
Austan Goolsbee
Chicago
Strongly Agree
10
Bio/Vote History
A top nba coach gets $7-8m/yr and a top player makes 4X that. A top college coach gets $6m but the players get nothing. WTF?
Greenstone
Michael Greenstone
University of Chicago
Agree
5
Bio/Vote History
only hesitation in complete agreement is that there is lots of redistribution across sports and even within basketball/football players
Hall
Robert Hall
Stanford
Agree
3
Bio/Vote History
Wrong question. Should be "Are the NCAA's limitations on contracting with athletes socially harmful?"
Hart
Oliver Hart
Harvard
Agree
7
Bio/Vote History
Holmström
Bengt Holmström
MIT Did Not Answer Bio/Vote History
Hoxby
Caroline Hoxby
Stanford
Strongly Agree
10
Bio/Vote History
Hoynes
Hilary Hoynes
Berkeley
Agree
7
Bio/Vote History
Judd
Kenneth Judd
Stanford
Agree
8
Bio/Vote History
Kaplan
Steven Kaplan
Chicago Booth
Strongly Agree
10
Bio/Vote History
Kashyap
Anil Kashyap
Chicago Booth
Strongly Agree
7
Bio/Vote History
it is a cartel...
Klenow
Pete Klenow
Stanford
Strongly Agree
8
Bio/Vote History
See the big jump in compensation for some college athletes when they turn pro (despite caps on rookie salaries).
-see background information here
Levin
Jonathan Levin
Stanford Did Not Answer Bio/Vote History
Maskin
Eric Maskin
Harvard
Agree
8
Bio/Vote History
Nordhaus
William Nordhaus
Yale
Agree
5
Bio/Vote History
Saez
Emmanuel Saez
Berkeley
Agree
5
Bio/Vote History
Samuelson
Larry Samuelson
Yale
Strongly Agree
10
Bio/Vote History
Scheinkman
José Scheinkman
Columbia University
Agree
4
Bio/Vote History
Schmalensee
Richard Schmalensee
MIT
Strongly Agree
7
Bio/Vote History
Shapiro
Carl Shapiro
Berkeley
Agree
8
Bio/Vote History
Shimer
Robert Shimer
University of Chicago
Strongly Agree
10
Bio/Vote History
Stock
James Stock
Harvard
Agree
6
Bio/Vote History
Thaler
Richard Thaler
Chicago Booth
Strongly Agree
7
Bio/Vote History
Udry
Christopher Udry
Northwestern
Strongly Agree
7
Bio/Vote History