While college enrollment has more-than doubled since 1970, elite colleges have barely increased supply, instead reducing admit rates. We show that straightforward reasons cannot explain this behavior. We propose a model where colleges compete on prestige, measured using relative selectivity or relative admit rates. A key comparative static of the…

This paper is the first in Pioneer Institute's UMass at a Crossroads series. In the opening study, the authors focus on UMass' significant growth in two areas, academic competitiveness and student enrollment, compared to other New England state universities, MA private universities, national private universities and national public universities.…

To meet the expectations of students, parents, communities, governments and businesses, Canadian universities will need to continue to plan strategically, manage proactively, deliver effectively and attract significant public support. Keeping these needs in mind, this edition of "Trends" provides not only a historical perspective and…