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Functioning, capability and the standard of living - an axiomatic approach

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  • Yongsheng Xu

    ()
    (Department of Economics, Andrew Young School of Policy Studies, Georgia State University, Atlanta, GA 30303, USA)

Abstract

The standard of living of an agent is viewed as her capability of achieving various functionings (Sen, 1985, 1987). The agent is thus characterized by her capability set that consists of different functioning vectors. The task of measuring the standard of living of the agent formally is therefore to rank different capability sets. This paper explores the problem of ranking capability sets in terms of the standard of living offered to the agent. For this purpose, we consider capability sets that are non-degenerate, compact, comprehensive and convex subsets of the $n$-dimensional real space, propose several intuitively plausible properties for the ranking and give characterizations of some ranking rules.

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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 20 (2002)
Issue (Month): 2 ()
Pages: 387-399

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Handle: RePEc:spr:joecth:v:20:y:2002:i:2:p:387-399

Note: Received: April 10, 2000; revised version: June 18, 2001
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Related research

Keywords: The standard of living; Capability; Functioning; Ranking capability sets in terms of the standard of living; Quasiordering.;

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Cited by:
  1. Xu, Yongsheng, 2003. "On ranking compact and comprehensive opportunity sets," Mathematical Social Sciences, Elsevier, vol. 45(2), pages 109-119, April.
  2. Krishnakumar, Jaya & Ballon, Paola, 2008. "Estimating Basic Capabilities: A Structural Equation Model Applied to Bolivia," World Development, Elsevier, vol. 36(6), pages 992-1010, June.
  3. Xu, Yongsheng & Yoshihara, Naoki, 2013. "Rationality and solutions to nonconvex bargaining problems: Rationalizability and Nash solutions," Mathematical Social Sciences, Elsevier, vol. 66(1), pages 66-70.
  4. Briec, Walter & Dumas, Audrey & Stenger, Agathe, 2013. "On the standard achievement and well-being indexes and their relation to the Hicks–Moorsteen productivity index," Economic Modelling, Elsevier, vol. 35(C), pages 900-909.

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