Arcidiacono, Peter; Aucejo, Esteban M.; Fang, Hanming; … - 2009
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 …