Early Admission at Selective Colleges
AbstractEarly admissions is widely used by selective colleges and universities. We identify some basic facts about early admissions policies, including the admissions advantage enjoyed by early applicants and patterns in application behavior, and propose a game theoretic model that matches these facts. The key feature of the model is that colleges want to admit students who are enthusiastic about attending, and early admissions programs give students an opportunity to signal this enthusiasm.
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Bibliographic InfoPaper provided by Stanford Institute for Economic Policy Research in its series Discussion Papers with number 08-031.
Date of creation: Mar 2009
Date of revision:
Game Theory; Early Admission; Education;
Other versions of this item:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- I20 - Health, Education, and Welfare - - Education - - - General
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- Sam-Ho Lee, 2009. "Jumping The Curse: Early Contracting With Private Information In University Admissions," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(1), pages 1-38, 02.
- Roth, Alvin E & Xing, Xiaolin, 1994. "Jumping the Gun: Imperfections and Institutions Related to the Timing of Market Transactions," American Economic Review, American Economic Association, vol. 84(4), pages 992-1044, September.
- Avery, Christopher & Fairbanks, Andrew & Zeckhauser, Richard, 2001. "What Worms for the Early Bird: Early Admissions at Elite Colleges," Working Paper Series rwp01-049, Harvard University, John F. Kennedy School of Government.
- Hector Chade & Greg Lewis & Lones Smith, 2006. "The College Admissions Problem Under Uncertainty," 2006 Meeting Papers 125, Society for Economic Dynamics.
- Chao Fu, 2012. "Equilibrium Tuition, Applications, Admissions and Enrollment in the College Market," PIER Working Paper Archive 12-013, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Chao Fu, 2012. "Equilibrium Tuition, Applications, Admissions and Enrollment in the College Market," Working Papers 2012-002, Human Capital and Economic Opportunity Working Group.
- Hurwitz, Michael, 2011. "The impact of legacy status on undergraduate admissions at elite colleges and universities," Economics of Education Review, Elsevier, vol. 30(3), pages 480-492, June.
- Alvin E. Roth, 2010. "Marketplace Institutions Related to the Timing of Transactions," NBER Working Papers 16556, National Bureau of Economic Research, Inc.
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