Market Power

Musings by an academic economist on the power of markets and the power over markets.

Wednesday, November 03, 2004


The NCAA has finally handed down its verdict on the University of Missouri basketball program - guilty on most counts. The basketball staff didn't do any one thing that was really bad, but it did a bunch of little things, and the NCAA finally had to lay the hammer down:

"Viewed individually, the violations were not egregious, but when viewed in the aggregate, the violations were significant and represented an attempt to gain unfair recruiting advantages."

The harshest claim was not verified:

"An allegation that the former associate head coach provided $250 to the two-year college prospect in fall 2002 was not found by the committee after a review of the evidence."

The coaching staff really bent the rules. If they don't play by the rules, they need to take their medicine.

One question: how much did the University of Missouri and the NCAA spend on all this? It's been going on for almost 2 years - from the day that the two-year college prospect battered his friend to now... judgement day.