Dear All,
Isa Hafalir, Fuhito Kojima, Koji Yokote, and I recently completed a paper on the diversity meritocracy tradeoff. It's mostly a choice-theoretic study. We use discrete convex analysis and matroid theory and also establish new results in these fields.
You can find our paper on Arxiv:
The abstract of our paper is as follows: "We provide optimal solutions to an institution that has dual goals of diversity and meritocracy when choosing from a set of applications. For example, in college admissions, administrators may want to admit a diverse class in addition to choosing students with the highest qualifications. We provide a class of choice rules that maximize merit subject to attaining a diversity level. Using this class, we find all subsets of applications on the diversity-merit Pareto frontier. In addition, we provide two novel characterizations of matroids."
Please let us know if you have any comments.
Best,
-bumin
---M. Bumin Yenmez
Professor of Economics
Boston College