On ranking linear budget sets in terms of freedom of choice

被引:16
|
作者
Xu, YS [1 ]
机构
[1] Georgia State Univ, Andrew Young Sch Econ, Dept Econ, Atlanta, GA 30303 USA
关键词
D O I
10.1007/s00355-003-0287-x
中图分类号
F [经济];
学科分类号
02 ;
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 linear budget sets in the non-negative orthant of the n-dimensional real space. Three axioms, Symmetry, Monotonicity and Invariance of Scaling Effects, are proposed for this purpose and the measure based on volumes of budget sets is characterized.
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页码:281 / 289
页数:9
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