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Allocating chances of success in finite and infinite societies: The utilitarian criterion

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  • Mariotti, Marco
  • Veneziani, Roberto

Abstract

We study a particular collective choice problem, that of allocating chances of success. We argue that many problems of interest have this nature, from small scale problems like medical triage to large scale ones like the allocation of opportunities in society. We consider both finite and infinite societies. We characterise utilitarian-type criteria by means of new properties tailored to the probabilistic structure of the alternatives.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 48 (2012)
Issue (Month): 4 ()
Pages: 226-236

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Handle: RePEc:eee:mateco:v:48:y:2012:i:4:p:226-236

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Web page: http://www.elsevier.com/locate/jmateco

Related research

Keywords: Opportunities; Chances in life; Utilitarianism; Mixture consistency; Self-duality;

References

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  1. Juan A. Crespo & Carmelo Núñez & Juan Pablo Rincón-Zapatero, 2007. "On the impossibility of representing infinite utility streams," Economics Working Papers we075530, Universidad Carlos III, Departamento de Economía.
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Citations

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Cited by:
  1. Marco, Mariotti & Roberto, Veneziani, 2012. "Opportunities as chances: maximising the probability that everybody succeeds," MPRA Paper 41884, University Library of Munich, Germany.
  2. Yoshihara, Naoki & Veneziani, Veneziani, 2013. "The measurement of labour content: a general approach," CCES Discussion Paper Series 47, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
  3. Michele Lombardi & Roberto Veneziani, 2009. "Liberal Egalitarianism and the Harm Principle," Working Papers 649, Queen Mary, University of London, School of Economics and Finance.
  4. Mariotti, Marco & Veneziani, Roberto, 2013. "On the impossibility of complete Non-Interference in Paretian social judgements," Journal of Economic Theory, Elsevier, vol. 148(4), pages 1689-1699.

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