College admissions with entrance exams: Centralized versus decentralized
Isa Hafalir,
Rustamdjan Hakimov,
Dorothea Kübler and
Morimitsu Kurino
EconStor Open Access Articles and Book Chapters, 2018, vol. 176, 886-934
Abstract:
We study a college admissions problem in which colleges accept students by ranking students' efforts in entrance exams. Students' ability levels affect the cost of their efforts. We solve and compare equilibria of “centralized college admissions” (CCA) where students apply to all colleges and “decentralized college admissions” (DCA) where students only apply to one college. We show that lower ability students prefer DCA whereas higher ability students prefer CCA. Many predictions of the theory are supported by a lab experiment designed to test the theory, yet we find a number of differences that render DCA less attractive than CCA compared to the equilibrium benchmark.
Keywords: college admissions; incomplete information; student welfare; contests; all-pay auctions; experiment (search for similar items in EconPapers)
JEL-codes: C78 D47 D78 I21 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)
Downloads: (external link)
https://www.econstor.eu/bitstream/10419/209667/1/F ... -admissions-with.pdf (application/pdf)
Related works:
Journal Article: College admissions with entrance exams: Centralized versus decentralized (2018) 
Working Paper: College admissions with entrance exams: Centralized versus decentralized (2016) 
Working Paper: College admissions with entrance exams: Centralized versus decentralized (2014) 
Working Paper: College Admissions with Entrance Exams: Centralized versus Decentralized 
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:zbw:espost:209667
Access Statistics for this article
More articles in EconStor Open Access Articles and Book Chapters from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().