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An Empirical Analysis of Methods to Construct Indices for Consistent Multiple Comparisons

Author

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  • Elvio MATTIOLI

    (Universita' Politecnica delle Marche, Dipartimento di Economia)

  • Giuseppe RICCIARDO LAMONICA

    (Universita' Politecnica delle Marche, Dipartimento di Economia)

Abstract

This paper presents an empirical analysis of the response of several methods proposed in literature to construct indices for consistent multiple comparison. In this article we consider also the close formal connection between the comparison of preference judgements and the comparison of economic aggregates. The work limits the attention exclusively to the consistency of the various technique and skips any aspect of economic nature. To evaluate the various scaling methods, we have used official data furnished by Eurostat and Istat (Italian Statistical Institute), consequently our analysis is based on real-life data and not on simulations as is usually the case in study in this kind. The most important results that we have achieved are the close concordance of the weights obtained with the various methods and the robustness of the evaluations performed.

Suggested Citation

  • Elvio MATTIOLI & Giuseppe RICCIARDO LAMONICA, 2004. "An Empirical Analysis of Methods to Construct Indices for Consistent Multiple Comparisons," Working Papers 219, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    • Handle: RePEc:anc:wpaper:219
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    References listed on IDEAS

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    1. Lootsma, Freerk A., 1997. "Multicriteria decision analysis in a decision tree," European Journal of Operational Research, Elsevier, vol. 101(3), pages 442-451, September.
    2. Basak, Indrani, 2002. "On the use of information criteria in analytic hierarchy process," European Journal of Operational Research, Elsevier, vol. 141(1), pages 200-216, August.
    3. Guitouni, Adel & Martel, Jean-Marc, 1998. "Tentative guidelines to help choosing an appropriate MCDA method," European Journal of Operational Research, Elsevier, vol. 109(2), pages 501-521, September.
    4. Golany, B. & Kress, M., 1993. "A multicriteria evaluation of methods for obtaining weights from ratio-scale matrices," European Journal of Operational Research, Elsevier, vol. 69(2), pages 210-220, September.
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    Cited by:

    1. Stefania BUSSOLETTI & Roberto ESPOSTI, 2004. "Regional Convergence, Structural Funds and the Role of Agricolture in the EU. A Panel-Data Approach," Working Papers 220, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    2. Renato BALDUCCI, 2005. "Public Expenditure and Economic Growth. A critical extension of Barro's (1990) model," Working Papers 240, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    3. Roberto ESPOSTI & Pierpaolo PIERANI, 2005. "Price, Private Demand and Optimal Provision of Public R&D in Italian Agriculture," Working Papers 238, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.

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