Abstract.
This work analyzes the issue of ranking the levels of well-being enjoyed by an agent when dealing with her opportunity set in a freedom of choice context. We try to propose a natural extension of a preference relation over a (possibly) infinite set X to its power set, compatible with the finite Leximax criterion.
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This research has been supported by Comisión Interministerial de Ciencia y Tecnología, SEC2000-0838 (Ballester), and Dirección General de Enseñanza Superior e Investigación Científica, PB98-0551 (De Miguel).
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Ballester, M., De Miguel, J. Extending an order to the power set: The Leximax Criterion. Soc Choice Welfare 21, 63–71 (2003). https://doi.org/10.1007/s00355-003-0201-6
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DOI: https://doi.org/10.1007/s00355-003-0201-6