FREEDOM OF CHOICE - A COMPARISON OF DIFFERENT RANKINGS OF OPPORTUNITY SETS

Autor(en): KLEMISCHAHLERT, M
Stichwörter: Business & Economics; Economics; EXTENSION; Mathematical Methods In Social Sciences; POWER SET; Social Sciences, Mathematical Methods
Erscheinungsdatum: 1993
Herausgeber: SPRINGER VERLAG
Journal: SOCIAL CHOICE AND WELFARE
Volumen: 10
Ausgabe: 3
Startseite: 189
Seitenende: 207
Zusammenfassung: 
Inspired by the discussion of different functions of freedom of choice (instrumental versus intrinsic value) by Sen and others and an axiomatic characterization of an intrinsic aspect by Pattanaik and Xu, we compare unique axiomatic characterizations of three classes of rankings of opportunity sets in terms of freedom of choice: First, we investigate the simple cardinality-based ranking proposed by Pattanaik and Xu and a generalization of this. Secondly, we propose a new criterion that is based on the comparison of the ranges of sets of options. Thirdly, we solve possibly occuring conflicts between these two criteria.
ISSN: 01761714

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