State governments provide grants to students to subsidize college attendance. In response, colleges can adjust their … tuition, aid policies, and admission standards, affecting equilibrium enrollment and pass-through of aid to students. To … strategic competition between individual colleges. Simulations demonstrate that college responses are meaningful: when students …

centralized assignment are able to attract students with substantially higher test scores and that geographical mobility of … admitted students increases. While there are no sizable effects on final enrollment rates, search is intensified. Overall, our …

50 percent admission quota for historically disadvantaged students. I study the implications of this regulation on the … academic performance of non-targeted students. Identification rests on the use of pre-law crosswise variation in specially … enrollment of targeted students due to the affirmative action caused an increase in the variance of academic ability within …