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Ranking opportunity sets in the space of functionings

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  • Francesco Farina

    ()

  • Eugenio Peluso
  • Ernesto Savaglio

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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Bibliographic 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

Related research

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

References

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  1. Rubinstein, Ariel & Zhou, Lin, 1999. "Choice problems with a 'reference' point," Mathematical Social Sciences, Elsevier, vol. 37(3), pages 205-209, May.
  2. 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.
  3. 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.
  4. Puppe, Clemens, 1996. "An Axiomatic Approach to "Preference for Freedom of Choice"," Journal of Economic Theory, Elsevier, vol. 68(1), pages 174-199, January.
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Cited by:
  1. Martin Binder & Tom Broekel, 2009. "Applying a Nonparametric Efficiency Analysis to Measure Conversion Efficiency in Great Britain," Jena Economic Research Papers 2009-100, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  2. William Horrace & Joseph Marchand & Timothy Smeeding, 2008. "Ranking inequality: Applications of multivariate subset selection," Journal of Economic Inequality, Springer, vol. 6(1), pages 5-32, March.
  3. Rebeca Echávarri & Iñaki Permanyer, 2008. "Ranking profiles of capability sets," Social Choice and Welfare, Springer, vol. 31(3), pages 521-535, October.
  4. Binder, Martin & Broekel, Tom, 2008. "Conversion Efficiency as a Complementing Measure of Welfare in Capability Space," MPRA Paper 7583, University Library of Munich, Germany.
  5. Martin Binder & Tom Broekel, 2012. "Happiness No Matter the Cost? An Examination on How Efficiently Individuals Reach Their Happiness Levels," Journal of Happiness Studies, Springer, vol. 13(4), pages 621-645, August.

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