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The Borda-Condorcet Social Evaluation Function

Author

Listed:
  • Carmen Herrero

    (Universidad de Alicante & IVIE)

  • Antonio Villar

    (Universidad Pablo de Olavide & IVIE)

Abstract

This paper presents a social evaluation function that combines the ideas of Borda and Condorcet by computing the support that each alternative receives on average, when confronted with any other in a series of tournaments. Even though the evaluation follows Condorcet’s tournament approach and evaluates social alternatives in terms of pairwise comparisons, it ponders the outcomes of those comparisons differently, depending on how each alternative fares with respect to the others (a Borda count ingredient). The evaluation appears as the stable distribution of an iterative process in which each alternative competes randomly with any other, and results in a vector of positive numbers that tell us the relative social support of the different options

Suggested Citation

  • Carmen Herrero & Antonio Villar, 2019. "The Borda-Condorcet Social Evaluation Function," Working Papers 19.02, Universidad Pablo de Olavide, Department of Economics.
    • Handle: RePEc:pab:wpaper:19.02
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    References listed on IDEAS

    as
    1. Albarrán, Pedro & Herrero, Carmen & Ruiz-Castillo, Javier & Villar, Antonio, 2017. "The Herrero-Villar approach to citation impact," Journal of Informetrics, Elsevier, vol. 11(2), pages 625-640.
    2. Pavel Yu. Chebotarev & Elena Shamis, 1998. "Characterizations of scoring methodsfor preference aggregation," Annals of Operations Research, Springer, vol. 80(0), pages 299-332, January.
    3. Aggarwal, Raj & Park, Young S., 1994. "The relationship between daily U.S. and Japanese equity prices: Evidence from spot versus futures markets," Journal of Banking & Finance, Elsevier, vol. 18(4), pages 757-773, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Social evaluation function; Borda rule; Condorcet rule; stable distribution; tournaments.;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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