The schools offer competing services for the consumers. They've all agreed to not compete for certain consumers in the same way. Does that help you? An HOA is not an appropriate metaphor.
why would they open themselves up to those kinds of expenses and liabilities when their feeder systems are working just fine for them now?
The ATP & WTA would take issue with that claim.
because they don't have a grueling sport.
There are hundreds of schools or more that _do_ compete for consumers in that way. Similarly, HOAs in some areas may restrict boat parking. Other HOAs however, will allow it. Why is the metaphor not appropriate?
Whether or not a couple houses in a couple block area, or 1 apartment building all "collude" to do something has very little effect on the competitive market of the massive housing industry.
But large, major players in the education space (each of which enrolls thousands of students), all agreeing together to do something, has a much larger effect, in comparison.
This is not correct. There are HOAs spanning dozens of miles, with and tens of thousands of homes.
>But large, major players in the education space (each of which enrolls thousands of students), all agreeing together to do something, has a much larger effect, in comparison.
The vast majority of universities offer athletic scholarships, this is not really true either.
Primary function of a univerisy is the education market.
It is shocking to see the nunber of 'free market' advocates that do not understand basic functions of a market