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College admissions as non-price competition : The case of South Korea

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  • College admissions as non-price competition
  • Avery, Christopher; Roth, Alvin E.; Lee, Soohyung
  • National Bureau of Economic Research


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Title College admissions as non-price competition
Similar Titles
Sub Title

The case of South Korea

Material Type Reports
Author(English)

Avery, Christopher; Roth, Alvin E.; Lee, Soohyung

Publisher

Cambridge:National Bureau of Economic Research

Date 2014-12
Series Title; No NBER Working Paper Series / 20774
Pages 40
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Social Development < Education
Holding National Bureau of Economic Research

Abstract

This paper examines non-price competition among colleges to attract highly qualified students, exploiting the South Korean setting where the national government sets rules governing applications. We identify some basic facts about the behavior of colleges before and after a 1994 policy change that changed the timing of the national college entrance exam and introduced early admissions, and propose a game-theoretic model that matches those facts. When applications reveal information about students that is of common interest to all colleges, lower-ranked colleges can gain in competition with higher-ranked colleges by limiting the number of possible applications.