Ranking opportunity sets in the space of functionings
We develop a ranking of compact, convex and comprehensive opportunity sets defined in the evaluative space of individual functionings. We suppose the existence of a target, that is a multidimensional bliss point in terms of functionings. This leads us to define concepts such as essentiality and freedom in a novel way. As a main result, we give an axiomatic characterization of the ranking obtained by minimizing the Euclidean distance between each opportunity set and the target. Copyright Kluwer Academic Publishers 2005
Volume (Year): 2 (2005)
Issue (Month): 2 (January)
|Contact details of provider:|| Web page: http://springerlink.metapress.com/link.asp?id=111137|
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.:
- Rubinstein, A. & Zhou, L., 1997.
"Choice Problems with a "Reference" Point,"
28-97, Tel Aviv.
- Yongsheng Xu, 2004. "On ranking linear budget sets in terms of freedom of choice," Social Choice and Welfare, Springer, vol. 22(1), pages 281-289, 02.
- Sen, Amartya, 1993. "Markets and Freedoms: Achievements and Limitations of the Market Mechanism in Promoting Individual Freedoms," Oxford Economic Papers, Oxford University Press, vol. 45(4), pages 519-41, October.
- Puppe, Clemens, 1996. "An Axiomatic Approach to "Preference for Freedom of Choice"," Journal of Economic Theory, Elsevier, vol. 68(1), pages 174-199, January.
- Sen, Amartya, 1997. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198292975, July.
When requesting a correction, please mention this item's handle: RePEc:kap:jecinq:v:2:y:2005:i:2:p:105-116. 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: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.