Equitable opportunities in economic environments
AbstractIn this paper, we extend the axiomatic analysis of equitable opportunities developed in Kranich  from finite to continuous opportunity sets. This extended framework is amenable to economic applications. The main results establish conditions under which an ordinal ranking of profiles of opportunity sets can be represented by a cardinal advantage function which describes both the extent of inequality and the distribution of advantage among the agents.
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Bibliographic InfoPaper provided by Universidad Carlos III de Madrid in its series Open Access publications from Universidad Carlos III de Madrid with number info:hdl:10016/3918.
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Equity; Fairness; Opportunities; Advantage;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-07-13 (All new papers)
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- Kranich, L., 1993.
"Equitable Opportunities: An Axiomatic Approach,"
3-93-1, Pennsylvania State - Department of Economics.
- Berliant, Marcus C, 1986. "A Utility Representation for a Preference Relation on a s-Algebra," Econometrica, Econometric Society, vol. 54(2), pages 359-62, March.
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