The contradiction between individual and socially preferable university strategies towards underachieving students is …

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 the equilibria of “centralized college … admissions” (CCA) where students apply to all colleges and “decentralized college admissions” (DCA) where students only apply to …

We theoretically and experimentally study a college admissions problem in which colleges accept students by ranking … students' efforts in entrance exams. Students hold private information regarding their ability level that affects the cost of …, we solve and compare the equilibria of "centralized college admissions" (CCA) in which students apply to all colleges …