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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
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    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.
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    Cited by:

    1. 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.
    2. Checchi, Daniele & De Fraja, Gianni & Verzillo, Stefano, 2014. "Publish or Perish? Incentives and Careers in Italian Academia," CEPR Discussion Papers 10084, C.E.P.R. Discussion Papers.
    3. Chiara Zanardello, 2023. "Market forces in Italian academia today (and yesterday)," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(1), pages 651-698, January.

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    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

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