Economics 14/05: And the Winners Are…An Axiomatic Approach to Selection from a Set

Abstract

We study here the problem of evaluating whether the selection from a set is close to the ranking determined by a measurable criterion. We propose a number of natural axioms and show that an index exists that satisfies all these axioms. The paper ends with an application of the index to Italian academia.

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Authors

Daniele Checchi, Gianni De Fraja and Stefano Verzillo

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