Frictional Matching: Evidence from Law School Admission
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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- Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-46, July-Aug..
- Shimer, R. & Smith, L., 1997.
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97-2b, Massachusetts Institute of Technology (MIT), Department of Economics.
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