We argue that once we take into account the students' rational enrollment decisions, mismatch in the sense that the … possess private information about students' post-enrollment treatment effects. This necessary condition for mismatch provides … private information that is a statistically significant predictor of the students' post-enrollment academic performance. We …

We argue that once we take into account the students’ rational enrollment decisions, mismatch in the sense that the … student’s choice of school. This necessary condition for mismatch provides the basis for a new test. The test is implemented … information that is a statistically significant predictor of students’ post-enrollment academic performance. Further, this private …