Freedom of Choice: The Leximax Criterion in the Infinite Case
Many recent works have investigated the problem of extending a preference over a set of alternatives to its power set, in an attempt to provide a formal representation of the notion of freedom of choice. In general, results are limited to the finite case, which excludes, for instance, the case of economic environments. This paper deals with the possibility of extending those results to the context where the basic set of alternatives is the n-dimensional Euclidean space. We present an extension of the leximax criterion described by Bossert, Pattanaik and Xu (1994) to this more general framework.
|Date of creation:||2006|
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- Sen, A., 1991. "Markets And Freedoms," Harvard Institute of Economic Research Working Papers 1559, Harvard - Institute of Economic Research.
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