We develop a stylized college admission model to analyze the effects of need-blind admission policy which requires admission decisions to be independent of applicants’ financial needs. We show that the need-blind admission policy enhances needy students’ enrollment if financial aid offers...

This paper examines the effectiveness of cheap talk advice in recurrent relationships between a customer, and multiple experts who provide professional services with differentiated specialties. Specifically, the sustainable honesty level is characterized in relation to the degree of rivalry...