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 …

This paper considers the decentralized funding of public universities in a federation when students and graduates are …-state and out-of-state students. I develop a model of decentralized decision making which allows me to draw conclusions about … how such a price-discrimination affects welfare and the number of students in a federation. It is shown that local …

admit students that tend to struggle elsewhere. Most of the impact of alternative evaluation is found to be due to their … impact on the applicant pool (sorting), and not because of they are better at identifying successful students keeping the …

admit students that tend to struggle elsewhere. Most of the impact of alternative evaluation is found to be due to their … explained by their impact on sorting and not because they allow programs to select more successful students from a given pool of …