On ranking linear budget sets in terms of freedom of choice

Yongsheng Xu

Social Choice and Welfare, 2004, vol. 22, issue 1, 289 pages

Abstract: This paper examines how freedom of choice as reflected in an agent’s opportunity sets can be measured in economic environments where opportunity sets are linear budget sets in the non-negative orthant of the n-dimensional real space. Three axioms, Symmetry, Monotonicity and Invariance of Scaling Effects, are proposed for this purpose and the measure based on volumes of budget sets is characterized. Copyright Springer-Verlag 2004

Date: 2004
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DOI: 10.1007/s00355-003-0287-x

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