On ranking opportunity sets in economic environments
成果类型：
Article
署名作者：
Pattanaik, PK; Xu, YS
署名单位：
University of California System; University of California Riverside; University System of Georgia; Georgia State University; University of Nottingham
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.2000.2645
发表日期：
2000
页码：
48-71
关键词：
摘要：
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 non empty and compact subsets of the non-negative orthant of the n-dimensional real space. Several plausible axioms are proposed for this purpose. It is then shown that, under different sets of axioms, one can represent the ranking of compact opportunity sets by different types of real-valued functions with intuitively plausible properties. Journal of Economic Literature Classification Numbers: D63, D70. (C) 2000 Academic Press.