External Shocks on E-Mapping

Aurelie Charles

Chapter Chapter 4 in Exchange Entitlement Mapping, 2012, pp 77-103 from Palgrave Macmillan

Abstract: Abstract Transforming a potential functioning into an achieved functioning depends extensively on the freedom to choose between different potential functionings, given the set of opportunities offered by the economic, political, and social environments of the individual. Basu (1987) rightly raised the question of whether individuals were really free to choose any set within their opportunity sets. His answer is negative since the actual choice of a person is dependent upon the actual choice made by others. The interdependence of individual choices means that some resources chosen by one individual at a given time cannot be chosen by another individual. The interdependence of individual opportunity sets has also been identified by several authors as being linked to interdependent preferences between individuals, especially in the context of group identity, as will be discussed below in the context of external shocks on identity E-mapping.1

Keywords: Real Wage; Nominal Wage; External Shock; Efficiency Wage; Income Satisfaction (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pfschp:978-1-137-01471-9_5

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DOI: 10.1057/9781137014719_5

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