Collectively Ranking Candidates– An Axiomatic Approach

Different evaluators typically disagree how to rank different candidates since theycare more or less for the various qualities of the candidates. It is assumed that allevaluators submit vector bids assigning a monetary bid for each possible rank order.The rules must specify for all possible vectors of such vector bids the collectivelybinding rank order of candidates and the “payments” for this bid vector and its impliedrank order. Three axioms uniquely define the “procedurally fair” ranking rules. Wefinally discuss how our approach can be adjusted to situations where one wants torank only acceptable candidates.