Arcidiacono, Peter; Aucejo, Esteban; Fang, Hanming; … - In: Quantitative economics : QE ; journal of the … 2 (2011) 3, pp. 303-333
We argue that once we take into account the students’ rational enrollment decisions, mismatch in the sense that the … universities possess private information. Ex ante mismatch occurs when revelation of this information would have changed the … student’s choice of school. This necessary condition for mismatch provides the basis for a new test. The test is implemented …