Choosing Aggregation Rules for Composite Indicators
AbstractFrom 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
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Springer in its journal Social Indicators Research.
Volume (Year): 109 (2012)
Issue (Month): 3 (December)
Contact details of provider:
Web page: http://www.springer.com/economics/journal/11135
Find related papers by JEL classification:
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Truchon M., 1996.
"Voting games and acyclic collective choice rules,"
Mathematical Social Sciences,
Elsevier, vol. 31(1), pages 55-55, February.
- Saari, Donald G., 1989. "A dictionary for voting paradoxes," Journal of Economic Theory, Elsevier, vol. 48(2), pages 443-475, August.
- Barthelemy, J. P. & Guenoche, A. & Hudry, O., 1989. "Median linear orders: Heuristics and a branch and bound algorithm," European Journal of Operational Research, Elsevier, vol. 42(3), pages 313-325, October.
- Podinovskii, Vladislav V., 1994. "Criteria importance theory," Mathematical Social Sciences, Elsevier, vol. 27(3), pages 237-252, June.
- Donald G. Saari & Vincent R. Merlin, 2000. "A geometric examination of Kemeny's rule," Social Choice and Welfare, Springer, vol. 17(3), pages 403-438.
- Donald Saari, 2006. "Which is better: the Condorcet or Borda winner?," Social Choice and Welfare, Springer, vol. 26(1), pages 107-129, January.
- Truchon, Michel, 1998. "An Extension of the Concordet Criterion and Kemeny Orders," Cahiers de recherche 9813, Université Laval - Département d'économique.
- Bykvist, Krister, 2010. "Can Unstable Preferences Provide A Stable Standard Of Well-Being?," Economics and Philosophy, Cambridge University Press, vol. 26(01), pages 1-26, March.
- Ray, Paramesh, 1973. "Independence of Irrelevant Alternatives," Econometrica, Econometric Society, vol. 41(5), pages 987-91, September.
- Giuseppe Munda & Michela Nardo, 2009. "Noncompensatory/nonlinear composite indicators for ranking countries: a defensible setting," Applied Economics, Taylor & Francis Journals, vol. 41(12), pages 1513-1523.
- Laurent Vidu, 2002. "Majority cycles in a multi-dimensional setting," Economic Theory, Springer, vol. 20(2), pages 373-386.
- Peyton Young, 1995. "Optimal Voting Rules," Journal of Economic Perspectives, American Economic Association, vol. 9(1), pages 51-64, Winter.
- Michela Nardo & Michaela Saisana & Andrea Saltelli & Stefano Tarantola & Anders Hoffman & Enrico Giovannini, 2005. "Handbook on Constructing Composite Indicators: Methodology and User Guide," OECD Statistics Working Papers 2005/3, OECD Publishing.
- Kenneth J. Arrow & Herve Raynaud, 1986. "Social Choice and Multicriterion Decision-Making," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262511754, December.
- Moulin, Herve, 1985. "From social welfare ordering to acyclic aggregation of preferences," Mathematical Social Sciences, Elsevier, vol. 9(1), pages 1-17, February.
- Andrea Saltelli, 2007. "Composite Indicators between Analysis and Advocacy," Social Indicators Research, Springer, vol. 81(1), pages 65-77, March.
- James S. Weber, 2002. "How many voters are needed for paradoxes?," Economic Theory, Springer, vol. 20(2), pages 341-355.
- Sugden, Robert, 2010. "Opportunity As Mutual Advantage," Economics and Philosophy, Cambridge University Press, vol. 26(01), pages 47-68, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.