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Analysing Rankings, with an Application to the Financing of Small Entrepreneurial Firms

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  • Reid, Gavin C

Abstract

This paper examines statistical methods for handling economic data that are expressible as sequences of actions, given a contingent circumstance (e.g., given a fall in demand, which of several courses of action--such as lowering price, increasing stocks, or increasing sales effort--will be taken by a small firm, and in what order). This may be handled as a problem of m incomplete rankings. M. Friedman's (1937) two-way analysis of variance by ranks is shown to compare favorably with techniques due to A. Benard and P. Van Elteren (1953) and M. J. Prentice (1979). This is illustrated by reference to a study of the financing of small, entrepreneurial firms. Copyright 1990 by Royal Economic Society.

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  • Reid, Gavin C, 1990. "Analysing Rankings, with an Application to the Financing of Small Entrepreneurial Firms," Economic Journal, Royal Economic Society, vol. 100(400), pages 200-205, Supplemen.
    • Handle: RePEc:ecj:econjl:v:100:y:1990:i:400:p:200-205
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    Cited by:

    1. Blanchflower, David G & Oswald, Andrew J, 1998. "What Makes an Entrepreneur?," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 26-60, January.
    2. David Blanchflower & Andrew Oswald, 1992. "Entrepreneurship, Happiness and Supernormal Returns: Evidence from Britain and the US," NBER Working Papers 4228, National Bureau of Economic Research, Inc.

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