College Admissions with Entrance Exams: Centralized versus Decentralized∗

Abstract

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 and “decentralized college admissions” (DCA) where students only… (More)

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Cite this paper

@inproceedings{Hafalir2016CollegeAW, title={College Admissions with Entrance Exams: Centralized versus Decentralized∗}, author={Isa Emin Hafalir and Rustamdjan Hakimov and Dorothea K{\"u}bler and Morimitsu Kurino and Vijay Krishna and Benny Moldavanu and Ariel Rubinstein and Aner Sela and Ron Siegel and Naoki Watanabe and Alistair Wilson}, year={2016} }