The Next Labor Market in College Sports
STANDEN (DO NOT DELETE) 5/20/2014 12:37 PM View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by University of Oregon Scholars' Bank JEFFREY STANDEN The Next Labor Market in College Sports I. The Invariance Principle and the Baseball Labor Market ... 1097 II. The Labor Market in College Sports ................................... 1105 III. Student-Athletes Who Are Paid .......................................... 1116 IV. The Unlikely Demise of the Amateur Athlete ..................... 1123 Conclusion ...................................................................................... 1126 he 1956 publication of Simon Rottenberg’s The Baseball TPlayers’ Labor Market1 began the serious academic study of sports. This insightful article is brimming with ideas and spurred a generation of economic analysis.2 It is also a startlingly prescient, if un-cited, prelude to Ronald Coase’s subsequent work that gained great traction in the legal academy.3 Coase’s article became the most cited journal article in the history of legal scholarship4 and earned its author the Nobel Prize in Economics.5 Rottenberg’s paper, however, Dean and Professor of Law, Northern Kentucky University Chase College of Law. Research assistance was provided by Jeremie Imbus, Stephanie Isaacs, Brian Morris, and Shaun Roberts. 1 Simon Rottenberg, The Baseball Players’ Labor Market, 64 J. POL. ECON. 242 (1956), available at http://www.vanderbilt.edu/econ/faculty/Vrooman/rottenberg.pdf. 2 Allen R. Sanderson & John J. Siegfried, Simon Rottenberg and Baseball, Then and Now: A 50th Anniversary Retrospective (Vanderbilt Univ. Dep’t of Econ., Working Paper No. 06-W06, 2006), available at http://www.vanderbilt.edu/econ/wparchive/workpaper /vu06-w06.pdf. 3 Ronald Coase, The Problem of Social Cost, 3 J.L.
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