College admissions with entrance exams: centralized versus decentralized

Hafalir, Isa E.; Hakimov, Rustamdjan; Kübler, Dorothea; Kurino, Morimitsu

[journal article]

dc.contributor.author	Hafalir, Isa E.	de
dc.contributor.author	Hakimov, Rustamdjan	de
dc.contributor.author	Kübler, Dorothea	de
dc.contributor.author	Kurino, Morimitsu	de
dc.date.accessioned	2020-01-02T10:33:34Z
dc.date.available	2020-01-02T10:33:34Z
dc.date.issued	2018	de
dc.identifier.issn	0022-0531	de
dc.identifier.uri	https://www.ssoar.info/ssoar/handle/document/65885
dc.description.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 apply to one college. We show that lower ability students prefer DCA whereas higher ability students prefer CCA. Many predictions of the theory are supported by a lab experiment designed to test the theory, yet we find a number of differences that render DCA less attractive than CCA compared to the equilibrium benchmark.	de
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.other	all-pay auctions; college admissions; contests; experiment; incomplete information; student welfare	de
dc.title	College admissions with entrance exams: centralized versus decentralized	de
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Journal of Economic Theory
dc.publisher.country	NLD
dc.source.issue	176	de
dc.subject.classoz	Allgemeines, spezielle Theorien und Schulen, Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften	de
dc.subject.classoz	Basic Research, General Concepts and History of Economics	en
dc.rights.licence	Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0	de
dc.rights.licence	Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0	en
ssoar.contributor.institution	WZB	de
internal.status	formal und inhaltlich fertig erschlossen	de
dc.type.stock	article	de
dc.type.document	Zeitschriftenartikel	de
dc.type.document	journal article	en
dc.source.pageinfo	886-934	de
internal.identifier.classoz	10901
internal.identifier.journal	1667
internal.identifier.document	32
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1016/j.jet.2018.05.009	de
dc.description.pubstatus	Postprint	de
dc.description.pubstatus	Postprint	en
internal.identifier.licence	20
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.dda.reference	https://www.econstor.eu/oai/request@@oai:econstor.eu:10419/209667
dc.identifier.handle	https://hdl.handle.net/10419/209667
ssoar.urn.registration	false	de

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Allgemeines, spezielle Theorien und "Schulen", Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften
Basic Research, General Concepts and History of Economics

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