College Admissions with Entrance Exams: Centralized versus Decentralized
Dorothea Kübler () and
No SFB649DP2016-003, SFB 649 Discussion Papers from Humboldt University, Collaborative Research Center 649
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 the 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)
New Economics Papers: this item is included in nep-edu, nep-exp and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
Journal Article: College admissions with entrance exams: Centralized versus decentralized (2018)
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)
Persistent link: https://EconPapers.repec.org/RePEc:hum:wpaper:sfb649dp2016-003
Access Statistics for this paper
More papers in SFB 649 Discussion Papers from Humboldt University, Collaborative Research Center 649 Contact information at EDIRC.
Bibliographic data for series maintained by RDC-Team ().