Merit-based financial aid awards have become increasingly prevalent in the pricing policies of higher education institutions. This study utilizes an experiment to estimate the efficacy of merit-aid awards in achieving the institutional objective of attracting the most academically desirable...

Every 4 years, Fédération Internationale de Football Association (FIFA) organizes one of the largest sporting events in the world, the soccer (football) World Cup tournament. Successful players, teams, and national soccer federations are the recipients of significant financial returns, both...