Chapter Twenty-Four - Freedom, Opportunity, and Well-Being
James Foster ()
Chapter 24 in Handbook of Social Choice and Welfare, 2011, vol. 2, pp 687-728 from Elsevier
Abstract:
This paper reexamines key results from the measurement of opportunity freedom, or the extent to which a set of options offers a decision maker real opportunities to achieve. Three cases are investigated: no preferences, a single preference, and plural preferences. The three corresponding evaluation methods—the cardinality relation, the indirect utility relation, and the effective freedom relation—and their variations are considered within a common axiomatic framework. Special attention is given to representations of freedom rankings, with the goal of providing practical approaches for measuring opportunity freedom and the extent of people's capabilities.
Keywords: freedom; individual choices; welfare; capabilities; axiomatic approach; orderings (search for similar items in EconPapers)
JEL-codes: I0 (search for similar items in EconPapers)
Date: 2011
ISBN: 978-0-444-82914-6
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Persistent link: https://EconPapers.repec.org/RePEc:eee:socchp:2-24
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