EDITOR'S NOTE: Andy Schwarz drafted the economic arguments in a letter recently sent to the U.S. Department of Justice requesting an antitrust investigation into college football's Bowl Championship Series, which the DOJ cited in recent inquiries to the NCAA questioning the lack of a playoff system.
I am a sports fan and an antitrust economist. So like all sports fans, I know the BCS is a lousy system. But the Department of Justice doesn't really care about whether the BCS is a ...
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