Chade, Hector; Lewis, Greg; Smith, Lones - Society for Economic Dynamics - SED - 2006
at the time of application, and (iii) matching between colleges and students takes place in a decentralized setting. We … monotone in types, and we construct a robust example to show that this can lead to a failure of assortative matching in … equilibrium. More importantly, we prove that a unique equilibrium with assortive matching exists provided application costs are …