Benchmarking

• 成果类型: Article
• 署名作者: Chambers, Christopher P.; Miller, Alan D.
• 署名单位: Georgetown University; University of Haifa; University of Haifa
• 刊物名称: THEORETICAL ECONOMICS
• ISSN/ISSBN: 1555-7561
• DOI: 10.3982/TE2506
• 发表日期: 2018-05-01
• 页码: 485-504
• 关键词: Benchmarking; axioms; measurement; apples and oranges; incompleteness; closure operator; homomorphisms

摘要

We investigate a normative theory of incomplete preferences in the context of preliminary screening procedures. We introduce a theory of ranking in the presence of objectively incomparable marginal contributions (apples and oranges). Our theory recommends benchmarking, a method under which an individual is deemed more accomplished than another if and only if she has achieved more benchmarks, or important accomplishments. We show that benchmark rules are characterized by four axioms: transitivity, monotonicity, incomparability of marginal gains, and incomparability of marginal losses.