In 19 83, right around the time alite colleges stopped expanding and started becoming more selective, us. News issued its first ranking of colleges and universities. We find that when we calebrate the model with prestige on, we're able to fit the patterns in the data," says Blair Smetters.
America’s top colleges are facing record demand. So why don’t they increase supply? (Part 2 of “Freakonomics Radio Goes Back to School.”)