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Ranking opportunity sets in the space of functionings
Authors:Francesco Farina  Eugenio Peluso and Ernesto Savaglio
Institution:(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
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.
Keywords:essentiality  Euclidean distance  freedom  functionings  opportunity sets  set inclusion  target
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