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Opportunity Sets and Individual Well-Being

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  • Bossert, W.

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

Paper provided by University of Waterloo, Department of Economics in its series Working Papers with number 9414.

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Length: 21 pages
Date of creation: 1994
Date of revision:
Handle: RePEc:wat:wpaper:9414

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Keywords: social justice;

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Cited by:
  1. Nicolas Gravel & Sebastian Bervoets, 2004. "Appraising Diversity with an Ordinal Notion of Similarity: An Axiomatic Approach," Working Papers 2004.45, Fondazione Eni Enrico Mattei.
  2. Antoinette Baujard, 2006. "Conceptions of freedom and ranking opportunity sets. A typology," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 200611, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
  3. 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.
  4. E. Ooghe & E. Schokkaert & D. Van De Gaer, 2004. "Equality of opportunity versus equality of opportunity sets," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 04/240, Ghent University, Faculty of Economics and Business Administration.
  5. Ritxar Arlegi & Dinko Dimitrov, 2004. "On Procedural Freedom of Choice," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0401, Departamento de Economía - Universidad Pública de Navarra.
  6. 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.
  7. Walter Bossert, . "Opportunity Sets and the Measurement of Information," Discussion Papers 98/6, University of Nottingham, School of Economics.
  8. Herrero, Carmen, 1997. "Equitable opportunities: an extension," Economics Letters, Elsevier, vol. 55(1), pages 91-95, August.
  9. 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.
  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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