Allocating chances of success in finite and infinite societies: The utilitarian criterion

Marco Mariotti and Roberto Veneziani

Journal of Mathematical Economics, 2012, vol. 48, issue 4, 226-236

Abstract: We study a particular collective choice problem, that of allocating chances of success. We argue that many problems of interest have this nature, from small scale problems like medical triage to large scale ones like the allocation of opportunities in society. We consider both finite and infinite societies. We characterise utilitarian-type criteria by means of new properties tailored to the probabilistic structure of the alternatives.

Keywords: Opportunities; Chances in life; Utilitarianism; Mixture consistency; Self-duality (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304406812000286
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:48:y:2012:i:4:p:226-236

DOI: 10.1016/j.jmateco.2012.05.003

Access Statistics for this article

Journal of Mathematical Economics is currently edited by Atsushi (A.) Kajii

More articles in Journal of Mathematical Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().