EconPapers    
Economics at your fingertips  
 

A college admissions clearinghouse

M. Bumin Yenmez

Journal of Economic Theory, 2018, vol. 176, issue C, 859-885

Abstract: I propose a centralized clearinghouse for college admissions where students can commit to enroll, as in early-decision programs. Furthermore, students can specify financial aid in their preferences, and they can be matched with multiple colleges simultaneously. This clearinghouse keeps the desirable properties of decentralized college admissions, like commitment and yield management, while getting rid of the undesirable aspects, such as unfairness and unraveling.

Keywords: College admissions; Many-to-many matching; Path independence; Substitutability; Modification; Law of aggregate demand (search for similar items in EconPapers)
JEL-codes: C78 D47 D71 D78 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S002205311830190X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:176:y:2018:i:c:p:859-885

DOI: 10.1016/j.jet.2018.05.010

Access Statistics for this article

Journal of Economic Theory is currently edited by A. Lizzeri and K. Shell

More articles in Journal of Economic Theory from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).

 
Page updated 2024-12-28
Handle: RePEc:eee:jetheo:v:176:y:2018:i:c:p:859-885