In this paper we utilize data on the head-to-head loss rate for students accepted at Williams College, but who opt to enroll elsewhere. For example, we employ data that measure the fraction of students admitted to Williams and to Amherst (or Harvard or Yale, etc.) but who opt to attend Amherst...

The college choice process can be reduced to three questions:1) Where does a student apply?2) Which schools accept the students?3) Which offer of admission does the student accept?This paper addresses question three. Specifically, we offer an econometric analysis of the matriculation decisions...