Capabilities and Equality of Health II: Capabilities as Options
Publikation: Working paper › Forskning
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Capabilities and Equality of Health II : Capabilities as Options. / Keiding, Hans.
Cph. : Department of Economics, University of Copenhagen, 2007.Publikation: Working paper › Forskning
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TY - UNPB
T1 - Capabilities and Equality of Health II
T2 - Capabilities as Options
AU - Keiding, Hans
N1 - JEL Classification: D63, I10
PY - 2007
Y1 - 2007
N2 - The concept of capabilities, introduced originally by Sen, has inspired many researchers but has not found any simple formal representation which might be instrumental in the construction of a comprehensive theory of equality. In a previous paper (Keiding, 2005), we investigated whether preferences over capabilities as sets of functionings can be rationalized by maximization of a suitable utility function over the set of functionings. Such a rationalization turned out to be possible only in cases which must be considered exceptional and which do not allowfor interesting applications of the capability approach to questions of health or equality. In the present paper we extend the notion of rationalizing orderings of capabilities to a dynamical context, in the sense that the utility function is not yet revealed to the individual at the time when the capabilities are ordered. It turns out that orderings which are in accordance with such probabilistic utility assignments can be characterized by a smaller set of the axioms previously considered
AB - The concept of capabilities, introduced originally by Sen, has inspired many researchers but has not found any simple formal representation which might be instrumental in the construction of a comprehensive theory of equality. In a previous paper (Keiding, 2005), we investigated whether preferences over capabilities as sets of functionings can be rationalized by maximization of a suitable utility function over the set of functionings. Such a rationalization turned out to be possible only in cases which must be considered exceptional and which do not allowfor interesting applications of the capability approach to questions of health or equality. In the present paper we extend the notion of rationalizing orderings of capabilities to a dynamical context, in the sense that the utility function is not yet revealed to the individual at the time when the capabilities are ordered. It turns out that orderings which are in accordance with such probabilistic utility assignments can be characterized by a smaller set of the axioms previously considered
KW - Faculty of Social Sciences
M3 - Working paper
BT - Capabilities and Equality of Health II
PB - Department of Economics, University of Copenhagen
CY - Cph.
ER -
ID: 389750