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Dominance relations when both quantity and quality matter, and applications to the\r\ncomparison of US research universities and worldwide top departments in economics

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  • Nicolas CARAYOL
  • Agenor LAHATTE

Abstract

In 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.

Suggested Citation

  • Nicolas CARAYOL & Agenor LAHATTE, 2011. "Dominance relations when both quantity and quality matter, and applications to the\r\ncomparison of US research universities and worldwide top departments in economics," Cahiers du GREThA (2007-2019) 2011-22, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
  • Handle: RePEc:grt:wpegrt:2011-22
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    File URL: http://cahiersdugretha.u-bordeaux.fr/2011/2011-22.pdf
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    References listed on IDEAS

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    1. G. Hanoch & H. Levy, 1969. "The Efficiency Analysis of Choices Involving Risk," Review of Economic Studies, Oxford University Press, vol. 36(3), pages 335-346.
    2. Stephen Bazen & Patrick Moyes, 2012. "Elitism and stochastic dominance," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 39(1), pages 207-251, June.
    3. 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.
    4. Hadar, Josef & Russell, William R, 1969. "Rules for Ordering Uncertain Prospects," American Economic Review, American Economic Association, vol. 59(1), pages 25-34, March.
    5. Dasgupta, Partha & Sen, Amartya & Starrett, David, 1973. "Notes on the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 6(2), pages 180-187, April.
    6. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    7. Pierre-Philippe Combes & Laurent Linnemer, 2003. "Where are the Economists Who Publish? Publication Concentration and Rankings in Europe Based on Cumulative Publications," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1250-1308, December.
    8. 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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    Cited by:

    1. Nicolas Carayol & Ghislaine Filliatreau & Agenor Lahatte, 2012. "Reference classes: a tool for benchmarking universities’ research," Scientometrics, Springer;Akadémiai Kiadó, vol. 93(2), pages 351-371, November.

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    More about this item

    Keywords

    Ranking; dominance relations; citations.;
    All these keywords.

    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

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