Dominance relations when both quantity and quality matter, and applications to the\r\ncomparison of US research universities and worldwide top departments in economics
AbstractIn this article, we propose an extension of the concept of stochastic dominance intensively\r\nused in economics for the comparison of composite outcomes both the quality and the\r\nquantity of which do matter. Our theory also allows us to require unanimity of judgement\r\namong new classes of functions. We apply this theory to the ranking of US research\r\nuniversities, thereby providing a new tool to scientometricians (and the academic\r\ncommunities) who typically aim to compare research institutions taking into account both\r\nthe volume of publications and the impact of these articles. Another application is provided\r\nfor comparing and ranking academic departments when one takes into account both the size\r\nof the department and the prestige of each member.
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Bibliographic InfoPaper provided by Groupe de Recherche en Economie Théorique et Appliquée in its series Cahiers du GREThA with number 2011-22.
Date of creation: 2011
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Ranking; dominance relations; citations.;
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-07-02 (All new papers)
- NEP-IPR-2011-07-02 (Intellectual Property Rights)
- NEP-SOG-2011-07-02 (Sociology of Economics)
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- Lubrano, Michel & Protopopescu, Camelia, 2004. "Density inference for ranking European research systems in the field of economics," Journal of Econometrics, Elsevier, vol. 123(2), pages 345-369, December.
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"Elitism and Stochastic Dominance,"
UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers)
- Hadar, Josef & Russell, William R, 1969. "Rules for Ordering Uncertain Prospects," American Economic Review, American Economic Association, vol. 59(1), pages 25-34, March.
- Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
- Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
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