A model is presented where universities competitively supply education to mobile students. Students are subject to a …-related debt relief, however, the equilibrium quality of education is inefficiently low. This is because students reduce their …

matching mechanism that is strategyproof for students. n the context of the German admissions problem, this mechanism weakly …

Quotas for special groups of students often apply in school or university admission procedures. This paper studies the … quota for top-grade students before allocating all other seats among remaining applicants. The second is a modified version … main result is that the current procedure, designed to give top-grade students an advantage, actually harms them, as …

We assume that students can acquire a wage premium, thanks to studies, and form a rational expectation of their future … earnings, which depends on personal ability. Students receive a private, noisy signal of their ability, and universities can … of test scores. Students optimally self-select as a result of pricing only. If capital markets are perfect but …