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Wisteria,</p>
<p>Conceptually the idea has been tested a few times. In the computer industry a few programmming "teams" have put themselves up for bid on eBay. Trouble is, how do you determine the winning bid . . . would you take Harvard at a 50% discount over XYZ at a 100% discount? How would the offers be packaged? Special classes at XYZ may be better than Harvard . . . special housing? Research $$, Varsity math team and Putnam sponsorships? Many variables . . . what to do.
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<p>Well, at the faculty/postdoc/grad-school level, this sort of thing does go on occasionally. One university will bid away several star senior faculty in a department and their entire entourage of junior faculty, postdocs, and grad students. UT Austin raided about half of Princeton's physics department in this way back in the 70s, for example. (As far as I know, all the undergrads stayed put--it must have been disappointing for the undergrad physics majors left behind!)</p>
<p>Because of important collaborative relationships among colleagues, it can be difficult to woo away a single star-performer without taking on their whole entourage, because their continued productivity (and general professional happiness) depends on being able to continue to collaborate with their long-time colleagues.</p>
<p>Deals like these are indeed hard to put together. It's especially tough to move a bunch of established faculty whose spouses may have jobs that can't easily be replaced in the new location.</p>
<p>As I indicated above, I was just being fanciful in talking about undergrads forming a "union" of kindred spirits. Clearly lots of practical problems but still fun to think about.</p>
<p>And Texas137, the merit scholarships offered by Duke (to math stars and other academic stars) are full-tuition plus some summer travel & research funding, not full rides in that they don't cover room & board. (Of course, students who have very low EFCs would qualify for additional need-based funding, but that's not part of the AB Duke merit offer.) <a href="http://www.dukemagazine.duke.edu/alumni/dm18/best.html%5B/url%5D">http://www.dukemagazine.duke.edu/alumni/dm18/best.html</a> has an interesting discussion of how Duke's merit scholarship program got more aggressive over time.
This link indicates the program is still just tuition plus travel & research funding. <a href="http://www.duke.edu/web/abduke/about.html%5B/url%5D">http://www.duke.edu/web/abduke/about.html</a></p>
<p>Chicago's Dolin Scholarship, by contrast, is indeed a true-full-ride, in that it does cover tuition, fees, and room & board. However, there's only one a year of those. Chicago does, however, offer 30 full-tuition College Honor Scholarships a year, which are pretty comparable to Duke's AB Duke scholarships. (Although the College Honor scholarships don't carry summer research money per se, the type of student who wins one will generally have little difficulty securing such research funding if they want it, either from Chicago or from NSF or other outside organzations.) </p>
<p>(Both Duke and Chicago also offer some additional smaller merit scholarships, on the order of $10K per year.)</p>
<p>According to the article I linked above, Duke's yield on their AB Duke full-tuition merit offers is pretty impressive, running about 15 acceptances out of 25 offers per year. That yield is significantly higher than their overall yield. </p>
<p>(By way of comparison, Caltech, has a 20% yield on their Axline merit scholarships--half are full rides and half are full-tuition--vs. a >40% overall yield for the class as whole. Caltech also offers full-ride Presidential Merit Scholarships to URM students and has a 36% yield on those. <a href="http://diversity.caltech.edu/dpg_reports/irvine06-04/Data.pdf%5B/url%5D">http://diversity.caltech.edu/dpg_reports/irvine06-04/Data.pdf</a>)</p>