Winning admission to an elite school both promises modest rewards and imposes substantial risks on many students. Using variation in school assignment generated by the allocation mechanism, we ï¬nd that admission to a system of elite public high schools in Mexico City raises end-of-high school...

This paper estimates the effect of attending one of the most important elite public high schools in Chile, the Instituto Nacional. Using data from its admission tests, we implement a regression discontinuity approach to estimate the impact of this high school on students’ academic performance....

The German elite sport training system contains both decentralized and centralized elements. Following Williamson’s (1975) transaction cost economics, we test the thesis that the optimal institutions of governance in the production of sporting success depend on the asset specificity. A...