Hafalir, Isa E.; Hakimov, Rustamdjan; Kübler, Dorothea; … - In: Journal of Economic Theory 176 (2018), pp. 886-934
We study a college admissions problem in which colleges accept students by ranking students' efforts in entrance exams. Students' ability levels affect the cost of their efforts. We solve and compare equilibria of “centralized college admissions” (CCA) where students apply to all colleges...