Peer effects, financial aid and selectio
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Dennis Epple; Richard Romano; Holger Sieg
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Article
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2003
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John Wiley and Sons
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English
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## Abstract This paper develops a model in which colleges seek to maximize the quality of the educational experience provided to their students. We deduce predictions about the hierarchy of schools that emerges in equilibrium, the allocation of students by income and ability among schools, and abou