Date of Submission
Open Access Senior Thesis
Bachelor of Arts
© Rory C Fontenot
College course enrollment operates as a market under supply cap. Because of the limited number of seats available for any given course some students who have a higher demand for a course are unable to enroll. The current registration system at the Claremont Colleges functions as a random draw system with added time costs. The lack of price signalling in the markets leads to a loss in overall welfare of the student body. By running data through simulated demand curves I am able to determine, on average, how much welfare is being lost by a random draw system. The percent of maximum welfare achieved compared to maximum possible ranges from forty-nine to eighty percent and largely depends on the proportion of enrolled students to the sum of enrolled + enroll requests as well as the demand function type. With price signalling, the student body would be able to reach the maximum achievable welfare.
Fontenot, Rory, "Welfare Losses from First-Come-First-Serve Course Enrollment: Outcome Estimation and Non-Market Maximization" (2019). CMC Senior Theses. 2057.