Freedom of choice: the leximax criterion in the infinite case

Date

2006

Authors

Director

Publisher

Acceso abierto / Sarbide irekia
Documento de trabajo / Lan gaia

Project identifier

Abstract

Many recent works have investigated the problem of extending a preference over a set of alternatives to its power set, in an attempt to provide a formal representation of the notion of freedom of choice. In general, results are limited to the finite case, which excludes, for instance, the case of economic environments. This paper deals with the possibility of extending those results to the context where the basic set of alternatives is the n-dimensional Euclidean space. We present an extension of the leximax criterion described by Bossert, Pattanaik and Xu (1994) to this more general framework.

Description

Preprint submitted to Elsevier Science
Este DT se publicó en su forma final en Mathematical Social Sciences 49 (2005) 1 – 15, http://dx.doi.org/10.1016/j.mathsocsci.2004.04.003

Keywords

Preferences, Utility, Freedom of choice, Leximax

Department

Economía / Ekonomia

Faculty/School

Degree

Doctorate program

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