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Choosing Aggregation Rules for Composite Indicators

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  • Giuseppe Munda

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Abstract

From a formal point of view, a composite indicator is an aggregate of all dimensions, objectives, individual indicators and variables used for its construction. This implies that what defines a composite indicator is the set of properties underlying its mathematical aggregation convention. In this article, I try to revise the theoretical debate on aggregation rules by looking at contributions from both voting theory and multi-criteria decision analysis. This cross-fertilization helps in clarifying many ambiguous issues still present in the literature and allows discussing the key assumptions that may change the evaluation of an aggregation rule easily, when a composite indicator has to be constructed. Copyright Springer Science+Business Media B.V. 2012

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File URL: http://hdl.handle.net/10.1007/s11205-011-9911-9
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Bibliographic Info

Article provided by Springer in its journal Social Indicators Research.

Volume (Year): 109 (2012)
Issue (Month): 3 (December)
Pages: 337-354

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Handle: RePEc:spr:soinre:v:109:y:2012:i:3:p:337-354

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Web page: http://www.springer.com/economics/journal/11135

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Related research

Keywords: Voting paradoxes; Multi-criteria decision analysis; Rational choice; C43; C82;

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References

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