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Ranking opportunity sets in the space of functionings

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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.

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Authors and Affiliations

  1. Dipartimento di Economia Politica, Università di Siena, Piazza San Francesco, 7 53100, Siena

    Francesco Farina

  2. THEMA-Université de Cergy-Pontoise and Dipartimento di Economia Politica, Università di Siena, Italy

    Eugenio Peluso

  3. Dipartimento di Economia Politica, Università di Siena, Italy

    Ernesto Savaglio

Authors
  1. Francesco Farina
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  2. Eugenio Peluso
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  3. Ernesto Savaglio
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Correspondence to Francesco Farina.

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Farina, F., Peluso, E. & Savaglio, E. Ranking opportunity sets in the space of functionings. J Econ Inequal 2, 105–116 (2005). https://doi.org/10.1007/s10888-005-4385-0

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  • DOI: https://doi.org/10.1007/s10888-005-4385-0

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