We observe two waves of overseas programs offered by U.S. universities: A supply driven wave in the late 1980s to the mid 1990s, and a current wave beginning in the early 2000s, with distinctly different players. We compile a comprehensive dataset on overseas degree programs and host country...

Recent literature shows that dynamic matching mechanisms may outperform the standard mechanisms to deliver desirable results. We highlight an under-explored design dimension, the time constraints that students face under such a dynamic mechanism. First, we theoretically explore the effect of...

This paper justifies the evolution of the college admissions system in China from a mechanism design perspective. The sequential choice algorithm and the parallel choice algorithm used in the context of China's college admissions system are formulated as the well-studied Boston mechanism and the...