Advanced Search
MyIDEAS: Login to save this paper or follow this series

Opportunities as chances: maximising the probability that everybody succeeds

Contents:

Author Info

  • Marco Mariotti

    ()
    (University of St Andrews)

  • Roberto Veneziani

    ()
    (Queen Mary University of London)

Abstract

Opportunities in society are commonly interpreted as 'chances of success'. Within this interpretation, should opportunities be equalised? We show that a liberal principle of justice and a limited principle of social rationality imply that opportunity profiles should be evaluated by means of a 'Nash' criterion. The interpretation is new: the social objective should be to maximise the chance that everybody in society succeeds. In particular, the failure of even only one individual must be considered maximally detrimental. We also study a refinement of this criterion and its extension to problems of intergenerational justice. JEL Categories: D63, D70

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.umass.edu/economics/publications/2012-09.pdf
Download Restriction: no

Bibliographic Info

Paper provided by University of Massachusetts Amherst, Department of Economics in its series UMASS Amherst Economics Working Papers with number 2012-09.

as in new window
Length:
Date of creation: Oct 2012
Date of revision:
Handle: RePEc:ums:papers:2012-09

Contact details of provider:
Postal: Thompson Hall, Amherst, MA 01003
Phone: (413)545-2590
Fax: (413)545-2921
Email:
Web page: http://www.umass.edu/economics
More information through EDIRC

Related research

Keywords: opportunities; chances in life; Non-Interference; Nash ordering.;

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. R. Bénabou & E. Ok, . "Mobility as Progressivity: Ranking Income Processes According to Equality of Opportunity," Princeton Economic Theory Papers 00f1, Economics Department, Princeton University.
  2. Efe A. Ok & Laurence Kranich, 1998. "The measurement of opportunity inequality: a cardinality-based approach," Social Choice and Welfare, Springer, vol. 15(2), pages 263-287.
  3. Alcantud, José Carlos R., 2011. "Liberal approaches to ranking infinite utility streams: When can we avoid interferences?," MPRA Paper 32198, University Library of Munich, Germany.
  4. Mariotti, Marco, 1999. "Fair Bargains: Distributive Justice and Nash Bargaining Theory," Review of Economic Studies, Wiley Blackwell, vol. 66(3), pages 733-41, July.
  5. Marc Fleurbaey & Walter Bossert, 1996. "Redistribution and compensation (*)," Social Choice and Welfare, Springer, vol. 13(3), pages 343-355.
  6. Ok, Efe A., 1998. "Inequality averse collective choice," Journal of Mathematical Economics, Elsevier, vol. 30(3), pages 301-321, October.
  7. Michele Lombardi & Roberto Veneziani, 2009. "Liberal Egalitarianism and the Harm Principle," Working Papers 649, Queen Mary, University of London, School of Economics and Finance.
  8. Ariel Rubinstein, 2000. "Economics and Language," Online economics textbooks, SUNY-Oswego, Department of Economics, number lang1, Spring.
  9. John C. Harsanyi, 1955. "Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility," Journal of Political Economy, University of Chicago Press, vol. 63, pages 309.
  10. Geir B. Asheim & Kuntal Banerjee, 2009. "Fixed-step anonymous overtaking and catching-up," Working Papers 09001, Department of Economics, College of Business, Florida Atlantic University.
  11. Carmen Herrero Blanco, 1995. "Capabilities And Utilities," Working Papers. Serie AD 1995-06, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  12. FLEURBAEY, Marc, . "Assessing risky social situations," CORE Discussion Papers RP -2289, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  13. John A. Weymark & Kai-yuen Tsui, 1997. "Social welfare orderings for ratio-scale measurable utilities," Economic Theory, Springer, vol. 10(2), pages 241-256.
  14. Mariotti, Marco & Veneziani, Roberto, 2013. "On the impossibility of complete Non-Interference in Paretian social judgements," Journal of Economic Theory, Elsevier, vol. 148(4), pages 1689-1699.
  15. Bosi, Gianni & Candeal, Juan Carlos & Indurain, Esteban, 2000. "Continuous representability of homothetic preferences by means of homogeneous utility functions," Journal of Mathematical Economics, Elsevier, vol. 33(3), pages 291-298, April.
  16. Kranich, L., 1993. "Equitable Opportunities: An Axiomatic Approach," Papers 3-93-1, Pennsylvania State - Department of Economics.
  17. Marco Mariotti & Roberto Veneziani, 2009. "The Paradoxes of the Liberal Ethics of Non-interference," Working Papers 653, Queen Mary, University of London, School of Economics and Finance.
  18. Naumova, Natalia & Yanovskaya, Elena, 2001. "Nash social welfare orderings," Mathematical Social Sciences, Elsevier, vol. 42(3), pages 203-231, November.
  19. Basu, Kaushik & Mitra, Tapan, 2003. "Utilitarianism for Infinite Utility Streams: A New Welfare Criterion and Its Axiomatic Characterization," Working Papers 03-05, Cornell University, Center for Analytic Economics.
  20. Hammond, Peter J, 1976. "Equity, Arrow's Conditions, and Rawls' Difference Principle," Econometrica, Econometric Society, vol. 44(4), pages 793-804, July.
  21. Bossert, Walter & Sprumont, Yves & Suzumura, Kotaro, 2007. "Ordering infinite utility streams," Journal of Economic Theory, Elsevier, vol. 135(1), pages 579-589, July.
  22. Susumu Cato, 2009. "Characterizing the Nash social welfare relation for infinite utility streams: a note," Economics Bulletin, AccessEcon, vol. 29(3), pages 2372-2379.
  23. Geir B. Asheim, 2010. "Intergenerational Equity," Annual Review of Economics, Annual Reviews, vol. 2(1), pages 197-222, 09.
  24. Mariotti, Marco & Veneziani, Roberto, 2012. "Allocating chances of success in finite and infinite societies: The utilitarian criterion," Journal of Mathematical Economics, Elsevier, vol. 48(4), pages 226-236.
  25. Marco Mariotti & Roberto Veneziani, 2009. "‘Non-interference’ implies equality," Social Choice and Welfare, Springer, vol. 32(1), pages 123-128, January.
  26. Fleurbaey, Marc, 1995. "Equal Opportunity or Equal Social Outcome?," Economics and Philosophy, Cambridge University Press, vol. 11(01), pages 25-55, April.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Michele Lombardi & Roberto Veneziani, 2009. "Liberal Egalitarianism and the Harm Principle," Working Papers 649, Queen Mary, University of London, School of Economics and Finance.
  2. Mariotti, Marco & Veneziani, Roberto, 2013. "On the impossibility of complete Non-Interference in Paretian social judgements," Journal of Economic Theory, Elsevier, vol. 148(4), pages 1689-1699.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ums:papers:2012-09. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lisa Saunders).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.