Ranking opportunity sets in the space of functionings

Francesco Farina; Eugenio Peluso; Ernesto Savaglio

doi:10.1007/s10888-005-4385-0

Ranking opportunity sets in the space of functionings

Francesco Farina, Eugenio Peluso, Ernesto Savaglio

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	105-116
Number of pages	12
Journal	Journal of Economic Inequality
Volume	2
Issue number	2
DOIs	https://doi.org/10.1007/s10888-005-4385-0
Publication status	Published - Jan 2005
Externally published	Yes

Keywords

Essentiality
Euclidean distance
Freedom
Functionings
Opportunity sets
Set inclusion
Target

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10.1007/s10888-005-4385-0

Cite this

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AB - 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.

KW - Essentiality

KW - Euclidean distance

KW - Freedom

KW - Functionings

KW - Opportunity sets

KW - Set inclusion

KW - Target

UR - http://www.mendeley.com/research/ranking-opportunity-sets-space-functionings

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DO - 10.1007/s10888-005-4385-0

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SP - 105

EP - 116

JO - Journal of Economic Inequality

JF - Journal of Economic Inequality

IS - 2

ER -

Ranking opportunity sets in the space of functionings

Abstract

Keywords

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