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 …

students' perceptions. We find that the average perceived option value is 65% smaller than the average actual option value ($8 … policy implications related to college entrance, we do not find evidence that students understate the overall value of …

would increase further by 2 percentage points in the absence of search frictions. Providing students with full information …

This paper explores students' expectations about the returns to completing higher education and provides first evidence … hypothetical scenarios of leaving university with or without a degree certificate among a large and diverse sample of students at …

This paper explores students' expectations about the returns to completing higher education and provides first evidence … scenarios of leaving university with or without a degree certificate among a large and diverse sample of students at different …