We examine college affordability under the existing pricing and financial aid system that awards both non need-based and need-based aid. Using data of freshmen attending a large number of selective private and public colleges in the USA, we find that the prices students actually pay for college...

This study examines the enrollment decisions of freshmen applicants to highly selective private colleges relative to highly selective public colleges. The empirical analysis shows that college enrollment varies by family income--in particular, low income students with demonstrated financial need...

Starting in the mid-1990s, the U.S. petroleum industry experienced a wave of mergers, several of them between large petroleum companies that were previously competitors. Using an econometric analysis of terminal city-specific data, this study finds that the majority of the mergers led to higher...

We examine college affordability under the existing pricing and financial aid system that awards both non need-based and need-based aid. Using data of freshmen attending a large number of selective private and public colleges, we find that the prices students actually pay for college have...

This study examines the effect of the higher education antitrust exemption on enrollment of financial aid applicants at highly selective private colleges that implemented the exemption. The antitrust exemption, used since the 2002-03 academic year, was made permanent in May 2008 by the U.S....