Similarity of Options and the Measurement of Diversity

Walter Bossert (), P.K. Pattanaik and Yongsheng Xu ()

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: This paper analyzes the measurement of the diversity of sets based on the dissimilarity of the objects contained in the set. We discuss axiomatic approaches to diversity measurement and examine the considerations underlying the application of specific measures. Our focus is on descriptive issues: rather than assuming a specific ethical position or restricting attention to properties that are appealing in specific applications, we address the foundations of the measurement issue as such in the context of diversity.

Keywords: Diversity; similarity; measurement (search for similar items in EconPapers)
Date: Written 2002
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Working Paper: Similarity of Options and the Measurement of Diversity (2002)
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