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We study the adoption of Common Application membership by private four-year postsecondary institutions and its role in explaining the growth in undergraduate applications. Using data from the College Board's Annual Survey of Colleges, our estimation of proportional hazard models suggest that...
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robustness to labor market competition both theoretically and experimentally. Consistent with our theoretical model, we observe … substantial ratchet effects in the absence of competition, which is nearly eliminated when competition is introduced; this is true …
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"In a world of imperfect information, reputations often guide the sequential decisions to trust and to reward trust. We … work when the temptees are the same in terms of morals and self control. We refer to a recorded betrayal as a black mark …
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