We measure friction in the matching of students and law schools as the number of unnecessary student applications and school admissions that have to be undertaken per actual matriculation. We show that friction increases with student and school attractiveness, but decreases for top schools and students. We discuss connections with the literature on frictional matching.
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Paper provided by Collegio Carlo Alberto in its series Carlo Alberto Notebooks with number
113.
Find related papers by JEL classification: D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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Gary S. Becker, 1974.
"A Theory of Marriage: Part II,"
NBER Chapters,
in: Marriage, Family, Human Capital, and Fertility, pages 11-26
National Bureau of Economic Research, Inc.
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