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Ranking opportunity sets in the space of functionings

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Author Info
Francesco Farina ()
Eugenio Peluso
Ernesto Savaglio

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Abstract

We 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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File URL: http://hdl.handle.net/10.1007/s10888-005-4385-0
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Publisher Info
Article provided by Springer in its journal The Journal of Economic Inequality.

Volume (Year): 2 (2005)
Issue (Month): 2 (January)
Pages: 105-116
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Handle: RePEc:kap:jecinq:v:2:y:2005:i:2:p:105-116

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Web page: http://springerlink.metapress.com/link.asp?id=111137

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Related research
Keywords: essentiality; Euclidean distance; freedom; functionings; opportunity sets; set inclusion; target;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Sen, Amartya, 1993. "Markets and Freedoms: Achievements and Limitations of the Market Mechanism in Promoting Individual Freedoms," Oxford Economic Papers, Oxford University Press, vol. 45(4), pages 519-41, October. [Downloadable!] (restricted)
  2. Puppe, Clemens, 1996. "An Axiomatic Approach to "Preference for Freedom of Choice"," Journal of Economic Theory, Elsevier, vol. 68(1), pages 174-199, January. [Downloadable!] (restricted)
  3. Yongsheng Xu, 2004. "On ranking linear budget sets in terms of freedom of choice," Social Choice and Welfare, Springer, vol. 22(1), pages 281-289, 02. [Downloadable!] (restricted)
  4. Rubinstein, A. & Zhou, L., 1997. "Choice Problems with a "Reference" Point," Papers 28-97, Tel Aviv.
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  1. Rebeca Echávarri & Iñaki Permanyer, 2008. "Ranking profiles of capability sets," Social Choice and Welfare, Springer, vol. 31(3), pages 521-535, October. [Downloadable!] (restricted)
  2. Binder, Martin & Broekel, Tom, 2008. "Conversion Efficiency as a Complementing Measure of Welfare in Capability Space," MPRA Paper 7583, University Library of Munich, Germany. [Downloadable!]
  3. William C. Horrace & Joseph T. Marchand & Timothy M. Smeeding, 2005. "Ranking Inequality: Applications of Multivariate Subset Selection," Center for Policy Research Working Papers 70, Center for Policy Research, Maxwell School, Syracuse University. [Downloadable!]
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