On the volume-ranking of opportunity sets in economic environments
AbstractThe domain of polyconvex sets, i.e. finite unions of convex, compact, Euclidean sets, is large enough to encompass most of the opportunity sets typically encountered in economic environments, including non-linear or even non-convex budget sets, and opportunity sets arising from production sets. We provide a characterization of the volume-ranking as defined on the set of all polyconvex sets, relying on a valuation-based volume-characterization theorem due to Klain and Rota (1997).
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Bibliographic InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 33 (2009)
Issue (Month): 1 (June)
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Web page: http://link.springer.de/link/service/journals/00355/index.htm
Other versions of this item:
- Ernesto Savaglio & Stefano Vannucci, 2006. "On the Volume-Ranking of Opportunity Sets in Economic Environments," Department of Economics University of Siena 479, Department of Economics, University of Siena.
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
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- BARBERA, Salvador & BOSSERT, Walter & PATTANAIK, Prasanta K., 2001.
"Ranking Sets of Objects,"
Cahiers de recherche
2001-02, Universite de Montreal, Departement de sciences economiques.
- Pattanaik, Prasanta K. & Xu, Yongsheng, 2000. "On Ranking Opportunity Sets in Economic Environments," Journal of Economic Theory, Elsevier, vol. 93(1), pages 48-71, July.
- Serge-Christophe Kolm, 2010. "On real economic freedom," Social Choice and Welfare, Springer, vol. 35(3), pages 351-375, September.
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