On Diversity

S-Tier
Journal: Quarterly Journal of Economics
Year: 1992
Volume: 107
Issue: 2
Pages: 363-405

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

An oft-repeated goal in many contexts is the "preservation of diversity." But what is the diversity function to be optimized? This paper shows how a reasonable measure of the "value of diversity" of a collection of objects can be recursively generated from more fundamental information about the dissimilarity-distance between any pair of objects in the set. The diversity function is shown to satisfy a basic dynamic programming equation, which in a well-defined sense generates an optimal classification scheme. A surprisingly rich theory of diversity emerges, having ramifications for several disciplines. Implications and applications are discussed.

Technical Details

RePEc Handle
repec:oup:qjecon:v:107:y:1992:i:2:p:363-405.
Journal Field
General
Author Count
1
Added to Database
2026-01-29