>> "First degree price discrimination would be an auction system." There is in fact a limited, semi-open, semi-public admissions auction system at many elite s

>> "First degree price discrimination would be an auction system." There is in fact a limited, semi-open, semi-public admissions auction system at many elite schools, most famously Harvard [0-1] and Brown [2], though their peer institutions behave similarly in practice. The prices are probably an order of magnitude higher than the ones mentioned elsewhere in this thread, more on the scale of endowing large construction projects than what's been mentioned here. [0] http://www.thecrimson.com/article/2002/6/6/the-back-door-to-the-yard/ http://www.thecrimson.com/article/2002/6/6/the-back-door-to-... [1] http://www.ivygateblog.com/2006/09/could-it-possibly-be-true-wealthy-kids-get-pppreference-in-admissions/#respond http://www.ivygateblog.com/2006/09/could-it-possibly-be-true... [2] https://www.insidehighered.com/news/2006/09/05/admit https://www.insidehighered.com/news/2006/09/05/admit