IDEAS home Printed from https://ideas.repec.org/p/iza/izadps/dp8344.html
   My bibliography  Save this paper

And the Winners Are... An Axiomatic Approach to Selection from a Set

Author

Listed:
  • Checchi, Daniele

    (University of Milan)

  • De Fraja, Gianni

    (University of Nottingham)

  • Verzillo, Stefano

    (European Commission Joint Research Centre (JRC))

Abstract

We study here the problem of evaluating whether the selection from a set is close to the ranking determined by a measurable criterion. We propose a number of natural axioms and show that an index exists that satisfies all these axioms. The paper ends with an application of the index to Italian academia.

Suggested Citation

  • Checchi, Daniele & De Fraja, Gianni & Verzillo, Stefano, 2014. "And the Winners Are... An Axiomatic Approach to Selection from a Set," IZA Discussion Papers 8344, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp8344
    as

    Download full text from publisher

    File URL: https://docs.iza.org/dp8344.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Kobus, Martyna & Miloś, Piotr, 2008. "On Meritocratic Inequality Indices," MPRA Paper 10532, University Library of Munich, Germany.
    2. Daniele Checchi & Gianni De Fraja & Stefano Verzillo, 2014. "Publish or Perish: An Analysis of the Academic Job Market in Italy," Discussion Papers 14/04, University of Nottingham, School of Economics.
    3. Jahn K. Hakes & Raymond D. Sauer, 2006. "An Economic Evaluation of the Moneyball Hypothesis," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 173-186, Summer.
    4. Cabizza, Mariella M. & De Fraja, Gianni, 1998. "Quality considerations in auctions for television franchises," Information Economics and Policy, Elsevier, vol. 10(1), pages 9-22, March.
    5. David C. Wyld, 2010. "ASecond Lifefor organizations?: managing in the new, virtual world," Management Research Review, Emerald Group Publishing Limited, vol. 33(6), pages 529-562, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniele Checchi & Gianni De Fraja & Stefano Verzillo, 2014. "Publish or Perish? Incentives and Careers in Italian Academia," CEIS Research Paper 323, Tor Vergata University, CEIS, revised 07 Aug 2014.
    2. Daniele Checchi & Gianni De Fraja & Stefano Verzillo, 2014. "Publish or Perish: An Analysis of the Academic Job Market in Italy," Discussion Papers 14/04, University of Nottingham, School of Economics.
    3. Chiara Zanardello, 2023. "Market forces in Italian academia today (and yesterday)," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(1), pages 651-698, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniele Checchi & Gianni De Fraja & Stefano Verzillo, 2014. "And the Winners Are… An Axiomatic Approach to Selection from a Set," Discussion Papers 14/05, University of Nottingham, School of Economics.
    2. Daniele Checchi & Gianni De Fraja & Stefano Verzillo, 2018. "Selections from ordered sets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 50(4), pages 677-703, April.
    3. Martin L. Weitzman, 2015. "A Voting Architecture for the Governance of Free-Driver Externalities, with Application to Geoengineering," Scandinavian Journal of Economics, Wiley Blackwell, vol. 117(4), pages 1049-1068, October.
    4. Steven L. FULLERTON & James H. HOLCOMB & Thomas M. FULLERTON, 2017. "Any given season?," Journal of Economics and Political Economy, KSP Journals, vol. 4(3), pages 238-246, September.
    5. Ormandy, David & Ezratty, Véronique, 2012. "Health and thermal comfort: From WHO guidance to housing strategies," Energy Policy, Elsevier, vol. 49(C), pages 116-121.
    6. Obasan Kehinde A., 2014. "Impact of Human Resources Management on Entrepreneurship Development," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(1), pages 83-93, February.
    7. Reto Foellmi & Stefan Legge & Lukas Schmid, 2016. "Do Professionals Get It Right? Limited Attention and Risk‐taking Behaviour," Economic Journal, Royal Economic Society, vol. 0(592), pages 724-755, May.
    8. Fort, Rodney & Maxcy, Joel & Diehl, Mark, 2016. "Uncertainty by regulation: Rottenberg׳s invariance principle," Research in Economics, Elsevier, vol. 70(3), pages 454-467.
    9. Beatty, Timothy K.M. & Blow, Laura & Crossley, Thomas F. & O'Dea, Cormac, 2014. "Cash by any other name? Evidence on labeling from the UK Winter Fuel Payment," Journal of Public Economics, Elsevier, vol. 118(C), pages 86-96.
    10. Delfgaauw, Josse & Dur, Robert & Non, Arjan & Verbeke, Willem, 2014. "Dynamic incentive effects of relative performance pay: A field experiment," Labour Economics, Elsevier, vol. 28(C), pages 1-13.
    11. N. David Pifer & Christopher M. McLeod & William J. Travis & Colten R. Castleberry, 2020. "Who Should Sign a Professional Baseball Contract? Quantifying the Financial Opportunity Costs of Major League Draftees," Journal of Sports Economics, , vol. 21(7), pages 746-780, October.
    12. Huang, Kaixing & Wang, Jinxia & Huang, Jikun & Findlay, Christopher, 2018. "The potential benefits of agricultural adaptation to warming in China in the long run," Environment and Development Economics, Cambridge University Press, vol. 23(2), pages 139-160, April.
    13. Russell Davidson & James G. MacKinnon, 2015. "Bootstrap Tests for Overidentification in Linear Regression Models," Econometrics, MDPI, vol. 3(4), pages 1-39, December.
    14. Joshua M. Congdon-Hohman & Jonathan A. Lanning, 2018. "Beyond Moneyball," Journal of Sports Economics, , vol. 19(7), pages 1046-1061, October.
    15. Emanuel Ornelas, 2016. "Special and Differential Treatment for Developing Countries," CESifo Working Paper Series 5823, CESifo.
    16. Etro, Federico & Rossi, Lorenza, 2015. "New-Keynesian Phillips curve with Bertrand competition and endogenous entry," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 318-340.
    17. Choy, Marylin & Costa, Eduardo & Churata, Eloy, 2015. "Radiografía del costo del crédito en el Perú," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 30, pages 25-55.
    18. DeCicca, Philip & Krashinsky, Harry, 2020. "Does education reduce teen fertility? Evidence from compulsory schooling laws," Journal of Health Economics, Elsevier, vol. 69(C).
    19. Hodaka Morita & Maroš Servátka, 2016. "Does Group Identity Prevent Inefficient Investment in Outside Options? An Experimental Investigation," Research in Experimental Economics, in: Experiments in Organizational Economics, volume 19, pages 105-126, Emerald Group Publishing Limited.
    20. Georgy Egorov & Konstantin Sonin, 2013. "A Political Theory of Populism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(2), pages 771-805.

    More about this item

    Keywords

    ranking; merit; selection;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp8344. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.