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Exchange Entitlement Mapping

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  • Aurélie Charles

Abstract

An entitlement approach called “exchange entitlement mapping,” or E-mapping, is developed throughout this chapter and chapter 4 to understand how economic events, such as changes in exchange rate, interest rate, or inflation, affect individual well-being. With his work on poverty and famines, Sen provides a basis for the measurement of exchange entitlement sets faced by an individual in the context of market interactions. E-mapping, in the sense developed by Sen (1981), represents the set of consumption bundles that the individual faces, any of which can be chosen, given his or her endowments. Sen used E-mapping to explain famines, which are due to entitlement failures to food supply, instead of the traditional explanation of a shortage in food supply alone. However, the theoretical framework presented here proposes a dynamic approach to E-mapping augmented with capabilities, from achieved functionings at time t0 to potential functionings at time t according to the individual’s social and economic entitlements. This framework helps to demonstrate that the functionings of individuals become the social entitlements of others, thus leading to the interdependence of functionings between individuals.
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Suggested Citation

  • Aurélie Charles, 2012. "Exchange Entitlement Mapping," Perspectives from Social Economics, Palgrave Macmillan, number 978-1-137-01471-9, March.
    • Handle: RePEc:pal:pfseco:978-1-137-01471-9
    DOI: 10.1057/9781137014719
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    Cited by:

    1. Aurelie Charles & Damiano Sguotti, 2021. "Sustainable Earnings: How Can Herd Behavior in Financial Accumulation Feed into a Resilient Economic System?," Sustainability, MDPI, vol. 13(11), pages 1-19, May.
    2. Aurelie Charles, 2013. "Hierarchy of Ideals in Market Interactions: An Application to the Labor Market," Economics Working Paper Archive wp_779, Levy Economics Institute.
    3. Liu, Yanfeng & Cai, Lanhui & Ma, Fei & Wang, Xueqin, 2023. "Revenge buying after the lockdown: Based on the SOR framework and TPB model," Journal of Retailing and Consumer Services, Elsevier, vol. 72(C).
    4. Krista Bondy & Aurelie Charles, 2020. "Mitigating Stakeholder Marginalisation with the Relational Self," Journal of Business Ethics, Springer, vol. 165(1), pages 67-82, August.

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