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Opportunity sets and individual well-being

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  • Walter Bossert

    (Department of Economics, University of Waterloo, Waterloo, Ontario N2L 3G1, Canada)

Abstract

An opportunity set ranking rule assigns an ordering of opportunity sets to each individual utility function (defined on the universal set of alternatives) within the domain of this rule. Using an axiomatic approach, this paper characterizes a general class of opportunity set ranking rules which are based on the utilities associated with the elements of an opportunity set. It is argued that the addition of an alternative to a given opportunity set is not necessarily desirable in terms of overall well-being, and this position is reflected in replacing a commonly used monotonicity axiom with an alternative condition.

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Bibliographic Info

Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 14 (1996)
Issue (Month): 1 ()
Pages: 97-112

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Handle: RePEc:spr:sochwe:v:14:y:1996:i:1:p:97-112

Note: Received: 15 May 1995/Accepted: 14 December 1995
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Cited by:
  1. Herrero, Carmen, 1997. "Equitable opportunities: an extension," Economics Letters, Elsevier, vol. 55(1), pages 91-95, August.
  2. Erwin Ooghe & Erik Schokkaert & Dirk Van de Gaer, 2003. "Equality of opportunity versus equality of opportunity sets," Public Economics Working Paper Series wpeoeos, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics.
  3. Barbera, S. & Bossert, W. & Pattanaik, P.K., 2001. "Ranking Sets of Objects," Cahiers de recherche 2001-02, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  4. Antoinette Baujard, 2007. "Conceptions of freedom and ranking opportunity sets. A typology," Post-Print halshs-00294466, HAL.
  5. Arlegi, R. & Dimitrov, D.A., 2004. "On Procedural Freedom of Choice," Discussion Paper 2004-9, Tilburg University, Center for Economic Research.
  6. Sebastian Bervoets & Nicolas Gravel, 2003. "Appraising diversity with an ordinal notion of similarity: an Axiomatic approach," IDEP Working Papers 0308, Institut d'economie publique (IDEP), Marseille, France.
  7. Ricardo Arlegi, 2005. "Freedom Of Choice And Conflict Resolution," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0502, Departamento de Economía - Universidad Pública de Navarra.
  8. Ricardo Arlegi & Dinko Dimitrov, 2006. "On Freedom of Choice, Ambiguity, and the Preference for Easy Choices," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0607, Departamento de Economía - Universidad Pública de Navarra.
  9. Walter Bossert, . "Opportunity Sets and the Measurement of Information," Discussion Papers 98/6, University of Nottingham, School of Economics.
  10. Ritxar Arlegi & Dinko Dimitrov, 2005. "On freedom, lack of information and the preference for easy choices," Working Papers 364, Bielefeld University, Center for Mathematical Economics.

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