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 multi-dimensional bliss point in terms of functionings. This leads us to define in a novel way some concepts as essentiality and freedom. As a main result, we give an axiomatic characterization of the ranking obtained by minimizing the Euclidean distance between each opportunity sets and the target.
Ranking opportunity sets in the space of functionings
PELUSO, Eugenio;
2005-01-01
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 multi-dimensional bliss point in terms of functionings. This leads us to define in a novel way some concepts as essentiality and freedom. As a main result, we give an axiomatic characterization of the ranking obtained by minimizing the Euclidean distance between each opportunity sets and the target.
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