Ranking opportunity sets in the space of functionings |
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Authors: | Francesco Farina Eugenio Peluso Ernesto Savaglio |
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Affiliation: | (1) Dipartimento di Economia Politica, Università di Siena, Piazza San Francesco, 7 53100 Siena;(2) THEMA-Université de Cergy-Pontoise and Dipartimento di Economia Politica, Università di Siena, Siena;(3) Dipartimento di Economia Politica, Università di Siena, Siena |
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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 multi-dimensional bliss point in terms of functionings. This leads us to define concepts such as essentiality and freedomin 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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Keywords: | essentiality Euclidean distance freedom functionings opportunity sets set inclusion target |
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