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There is a general interest in ranking performances (e.g., in sports or policy) that essentially implies aggregating several performance dimensions. The usual approach considers a “cardinal†linear weighting of the different single-dimensional performance indicators. The authors...
Persistent link: https://www.econbiz.de/10010778333
Robust Rankings of Multidimensional Performances: An Application to Tour de France Racing CyclistsDr. Knut M. Wittkowski (The Rockefeller University) pointed out that his u-score given in Equation 3 of Wittkowski (2003) and Equation 3 in Wittkowski, Lee, Nussbaum, Chamian, and Krueger (2004) is...
Persistent link: https://www.econbiz.de/10010778388
We provide a contingent valuation of a major cycling event, namely the Tour of Flanders. Starting from survey data, we estimate several models with different assumptions about (1) the latent willingness to pay (WTP) distribution and (2) the change in WTP when responding to the follow-up question...
Persistent link: https://www.econbiz.de/10011189184