Abstract
This paper contains an analysis of the admission and tuition policy of a university that maximizes its utility, which depends on the aggregate value of its students and the endowment left for the future. Higher academic ability increases a student's value to the university, while higher tuition decreases the likelihood that an admitted application enrolls. The effects of the endowment, the number of applicants, etc., are studied both when applications differ in their academic ability only, and when applicants also differ in some other aspect, such as parental income, sex, or ethnic origin. The effects of affirmative action are considered. Copyright 1990 by The editors of the Scandinavian Journal of Economics.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
