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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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
- Euclidean distance
- opportunity sets
- set inclusion