Ranking opportunity sets in the space of functionings
AbstractWe develop a ranking of compact, convex and comprehensive opportunity sets defined in the evaluative space of individual functionings. We suppose the existence of a target, that is a multidimensional bliss point in terms of functionings. This leads us to define concepts such as essentiality and freedom in a novel way. As a main result, we give an axiomatic characterization of the ranking obtained by minimizing the Euclidean distance between each opportunity set and the target. Copyright Kluwer Academic Publishers 2005
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Bibliographic InfoArticle provided by Springer in its journal The Journal of Economic Inequality.
Volume (Year): 2 (2005)
Issue (Month): 2 (January)
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Web page: http://springerlink.metapress.com/link.asp?id=111137
essentiality; Euclidean distance; freedom; functionings; opportunity sets; set inclusion; target;
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