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This paper investigates the effect of grouping students by prior achievement into different classes (or schools) in settings where students are competing for admission to programs offering only a limited number of places. We first develop a model that identifies the conditions under which the...
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Competition involves two dimensions, rivalry for resources and social-status ranking. In our experiment we exclude the …
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This paper analyzes a modified yardstick competition mechanism (MYC), where the yardstick employed consists of a tariff … costs and output of all firms. The modified yardstick competition mechanism can ensure a socially optimal outcome when …
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