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Functioning, capability and the standard of living - an axiomatic approach

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Listed author(s):
  • Yongsheng Xu

    ()

    (Department of Economics, Andrew Young School of Policy Studies, Georgia State University, Atlanta, GA 30303, USA)

Abstract

The standard of living of an agent is viewed as her capability of achieving various functionings (Sen, 1985, 1987). The agent is thus characterized by her capability set that consists of different functioning vectors. The task of measuring the standard of living of the agent formally is therefore to rank different capability sets. This paper explores the problem of ranking capability sets in terms of the standard of living offered to the agent. For this purpose, we consider capability sets that are non-degenerate, compact, comprehensive and convex subsets of the $n$-dimensional real space, propose several intuitively plausible properties for the ranking and give characterizations of some ranking rules.

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Article provided by Springer & Society for the Advancement of Economic Theory (SAET) in its journal Economic Theory.

Volume (Year): 20 (2002)
Issue (Month): 2 ()
Pages: 387-399

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Handle: RePEc:spr:joecth:v:20:y:2002:i:2:p:387-399
Note: Received: April 10, 2000; revised version: June 18, 2001
Contact details of provider: Web page: http://www.springer.com

Web page: http://saet.uiowa.edu/

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Order Information: Web: http://www.springer.com/economics/economic+theory/journal/199/PS2

Keywords: The standard of living; Capability; Functioning; Ranking capability sets in terms of the standard of living; Quasiordering.;

Find related papers by JEL classification:

  • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
  • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
  • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
  • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
  • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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Cited by:

  1. Xu, Yongsheng & Yoshihara, Naoki, 2013. "Rationality and solutions to nonconvex bargaining problems: Rationalizability and Nash solutions," Mathematical Social Sciences, Elsevier, vol. 66(1), pages 66-70.
  2. Fabio Boncinelli & Leonardo Casini, 2014. "A Comparison of the Well-Being of Agricultural and Non Agricultural Households Using a Multicriterial Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 119(1), pages 183-195, October.
  3. Krishnakumar, Jaya & Ballon, Paola, 2008. "Estimating Basic Capabilities: A Structural Equation Model Applied to Bolivia," World Development, Elsevier, vol. 36(6), pages 992-1010, June.
  4. Xu, Yongsheng, 2003. "On ranking compact and comprehensive opportunity sets," Mathematical Social Sciences, Elsevier, vol. 45(2), pages 109-119, April.
  5. Briec, Walter & Dumas, Audrey & Stenger, Agathe, 2013. "On the standard achievement and well-being indexes and their relation to the Hicks–Moorsteen productivity index," Economic Modelling, Elsevier, vol. 35(C), pages 900-909.

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