Ranking opportunity sets: An approach based on the preference for flexibility

Ricardo Arlegi () and Jorge Nieto ()
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Ricardo Arlegi: Departamento de EconomÎa, Universidad Pßblica de Navarra, Campus de ArrosadÎa, 31006 Pamplona, Spain
Jorge Nieto: Departamento de EconomÎa, Universidad Pßblica de Navarra, Campus de ArrosadÎa, 31006 Pamplona, Spain

Social Choice and Welfare, 2001, vol. 18, issue 1, 23-36

Abstract: We describe a criterion to evaluate subsets of a finite set of alternatives which are considered as opportunity sets. The axioms for set comparison are motivated within the preference for flexibility framework. We assume the preference over the universal set of alternatives to be made of two disjoint binary relations. The result is the axiomatic characterization of a procedure which is formally similar to the leximax ordering, but in our case it incorporates the presence of some uncertainty about the decision-maker final tastes.

Date: 2001-01-10
Note: Received: 20 January 1999/Accepted: 20 October 1999
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