Merit-based financial aid awards have become increasingly prevalent in the pricing policies of higher education institutions. This study utilizes an experiment to estimate the efficacy of merit-aid awards in achieving the institutional objective of attracting the most academically desirable...

Despite the widespread popularity of the U.S. News & World Report College rankings there has been no empirical analysis of the impact of these rankings on applications, admissions, and enrollment decisions, as well as on institutions' pricing policies. Our analyses indicate that a less favorable...

The literature offers both supply-side and cotton demand-side explanations for the reduced level and growth of income in the postbellum South. Demand-side evidence begins with a single-equation relationship regressing the price of cotton on quantity and a trend term, although subsequent...