On the Possibility of a Weighting System for Functionings

Achin Chakraborty
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Achin Chakraborty: Centre for Development Studies, Thiruvananthapuram

Indian Economic Review, 1996, vol. 31, issue 2, 241-250

Abstract: Measuring well-being of an individual based on his/her levels of functionings raises the following problem: Two vectors representing two individuals' achieved levels of functionings cannot be ranked unless one vector dominates the other. One solution is to combine the elements of a vector into some scalar measure by introducing a set of relative weights. Starting from the premise that each individual in a society has his/her own judgement about relative weights for various functionings, an axiomatic approach has been developed to characterise a rule for aggregation of relative weights attached by all individuals in the society.

JEL-codes: I31 (search for similar items in EconPapers)
Date: 1996
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