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Evaluating sets of objects in characteristics space

Gaertner, Wulf (2011) Evaluating sets of objects in characteristics space. Social Choice and Welfare, 39 (2-3). pp. 303-321. ISSN 0176-1714

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Abstract

This article contributes to the literature on the evaluation of sets of opportunities. The starting point is Lancaster's characteristics approach. However, instead of assuming the existence of a canonical utility function, a reference point or reference level is postulated from which an agent evaluates set expansions in appropriate directions. One of the major tools for this exercise is the notion of directed cones. Desirability of characteristics is restricted to the interior of these cones. Satiation and non-monotonic evaluation is considered as well. An axiomatic characterization for various cases is provided.

Item Type: Article
Official URL: http://www.springer.com/economics/economic+theory/...
Additional Information: © 2011 Springer
Library of Congress subject classification: B Philosophy. Psychology. Religion > B Philosophy (General)
H Social Sciences > H Social Sciences (General)
Q Science > QA Mathematics
Journal of Economic Literature Classification System: D - Microeconomics > D9 - Intertemporal Choice and Growth > D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Sets: Departments > Philosophy, Logic and Scientific Method
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 24 Oct 2011 08:49
URL: http://eprints.lse.ac.uk/39045/

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