Evaluating sets of objects in characteristics space

Autor(en): Gaertner, Wulf
Stichwörter: Business & Economics; Economics; FREEDOM; Mathematical Methods In Social Sciences; PREFERENCE; Social Sciences, Mathematical Methods
Erscheinungsdatum: 2012
Herausgeber: SPRINGER
Journal: SOCIAL CHOICE AND WELFARE
Volumen: 39
Ausgabe: 2-3, SI
Startseite: 303
Seitenende: 321
Zusammenfassung: 
This article contributes to the literature on the evaluation of sets of opportunities. The starting point is Lancaster's characteristics approach. However, instead of assuming the existence of a canonical utility function, a reference point or reference level is postulated from which an agent evaluates set expansions in appropriate directions. One of the major tools for this exercise is the notion of directed cones. Desirability of characteristics is restricted to the interior of these cones. Satiation and non-monotonic evaluation is considered as well. An axiomatic characterization for various cases is provided.
ISSN: 01761714
DOI: 10.1007/s00355-011-0605-7

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