 Ranking Opportunity Sets on the Basis of their Freedom of Choice and their Ability to Satisfy Preferences: A DifficultyNo 1994008, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Abstract: This paper examines Sen’s [21] suggestion that preference information be used to supplement the criterion of freedom of choice for ranking of the opportunity sets. This paper establishes, with some generality, that, in order for this supplementation to procedure a transitive ranking of the opportunity sets, it is necessary and sufficient to assume that the domain ranked is such that the individual preference ordering includes the criterion of freedom of choice as a subrelation. However, it is also shown that the quasi-transitivity of such a ranking can be obtained without further assumption. Hence, it seems difficult to construct a ranking of opportunity sets that attaches value to their freedom of choice while giving some weight to individual preferences. If freedom of choice is to have any value in the ranking, then in order for the ranking to be transitive, this value will have to be instrumental rather than intrinsic (using Sen’s [19] terminology). Pages: 18 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:1994008 Access Statistics for this paper More papers in LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC. |
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