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Why do so many students mismatch when choosing a college? A plausible hypothesis is a lack of information about the … likelihood of admission. This study contributes to the literature on mismatch by testing whether public university automatic …
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We develop a model of college major selection in an environment where firms and students have incomplete information about the student's aptitude. Students must choose from a continuum of majors which differ in their human capital production function and can act as a signal to the market....
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