2013. Costly mistakes have externalities: they transfer tuition waivers from high- to low-socioeconomic status students …, and increase the number of students attending college. To shed light on the mechanisms underlying mistakes, we exploit a …

We analyze a college admissions game with asymmetric information between students and colleges. Students' preferences … for colleges depend on the observable quality of the schools. In contrast, colleges' preferences for students depend on … the latter's abilities, which are private information. Students and schools are matched via a decentralized mechanism in …

This paper analyzes grading competition between instructors of elective courses when students shop for high course …. First, the school caps top scores directly. Then, grading competition divides students into a concentrated group of … flexible curriculum. Hence, all students will prefer rigid curricula. Third, the school requires that the mean-score ceiling is …

provided while students make choices. We consider two variations of IDAM: one in which they are only informed about whether … they are tentatively accepted or not (IDAM-NC) and one in which students are additionally informed at each step of the …