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Capabilities And Utilities

Author

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  • Carmen Herrero Blanco

    (Instituto Valenciano de Investigaciones Económicas)

Abstract

In this paper we address the problem of looking for resource allocation mechanisms which would be accepted as equitable from Sen's point of view, in a framework of economic environments. We simplify the idea of equalizing capabilities by means of the equalization of a capability index. Then, we analyze the relationship between capability and utility, and provide characterization results on mechanisms giving us allocations which are capability lexmin suprema.

Suggested Citation

  • Carmen Herrero Blanco, 1995. "Capabilities And Utilities," Working Papers. Serie AD 1995-06, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    • Handle: RePEc:ivi:wpasad:1995-06
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    References listed on IDEAS

    as
    1. Bossert W., 1996. "Redistribution mechanisms based on individual characteristics," Mathematical Social Sciences, Elsevier, vol. 31(1), pages 51-51, February.
    2. Thomson,William & Lensberg,Terje, 2006. "Axiomatic Theory of Bargaining with a Variable Number of Agents," Cambridge Books, Cambridge University Press, number 9780521027038, September.
    3. Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-518, May.
    4. Chun, Youngsub & Thomson, William, 1992. "Bargaining problems with claims," Mathematical Social Sciences, Elsevier, vol. 24(1), pages 19-33, August.
    5. Roemer, John E., 1988. "Axiomatic bargaining theory on economic environments," Journal of Economic Theory, Elsevier, vol. 45(1), pages 1-31, June.
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    Citations

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    Cited by:

    1. Carmen Herrero & José Luis Pinto & Han Bleichrodt, 1997. "Comparison and evaluation of states of health," Economics Working Papers 275, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 1998.
    2. Yongsheng Xu & Naoki Yoshihara, 2020. "Nonconvex Bargaining Problems: Some Recent Developments," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 37(1), pages 7-41, November.
    3. Reiko Gotoh & Naoki Yoshihara, 2018. "Securing basic well-being for all," Review of Social Economy, Taylor & Francis Journals, vol. 76(4), pages 422-452, October.
    4. Jun Matsuyama & Kenji Mori, 2011. "Freedom And Achievement Of Well‐Being And Adaptive Dynamics Of Capabilities," Metroeconomica, Wiley Blackwell, vol. 62(3), pages 494-511, July.
    5. James Foster, Christopher Handy, 2008. "External Capabilities," OPHI Working Papers 8, Queen Elizabeth House, University of Oxford.
    6. Amartya K. Sen, 1997. "From Income Inequality to Economic Inequality," Southern Economic Journal, John Wiley & Sons, vol. 64(2), pages 384-401, October.
    7. Lessmann, Ortrud, 2012. "Applying the Capability Approach Empirically: An Overview with Special Attention to Labor," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 23(2), pages 98-118.
    8. Yongsheng Xu & Naoki Yoshihara, 2022. "Bargaining theory over opportunity assignments and the egalitarian solution," Metroeconomica, Wiley Blackwell, vol. 73(1), pages 198-219, February.
    9. Marco Mariotti & Roberto Veneziani, 2018. "Opportunities as Chances: Maximising the Probability that Everybody Succeeds," Economic Journal, Royal Economic Society, vol. 128(611), pages 1609-1633, June.
    10. Fasil Alemante & Donald E. Campbell & Jerry S. Kelly, 2016. "Characterizing the resolute part of monotonic social choice correspondences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(4), pages 765-783, October.
    11. Villar, Antonio, 2001. "The Welfare Evaluation of Primary Goods: A Suggestion," Economics Series 98, Institute for Advanced Studies.
    12. Leßmann, Ortrud, 2011. "Empirische Studien zum Capability Ansatz auf der Grundlage von Befragungen: Ein Überblick," UFZ Discussion Papers 4/2011, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    13. Carmen Herrero Blanco, 1998. "- An Alternative Theory Of Health Care Decision Making," Working Papers. Serie AD 1998-15, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    14. Anand, Paul & Gray, Alastair & Liberini, Federica & Roope, Laurence & Smith, Ron & Thomas, Ranjeeta, 2015. "Wellbeing over 50," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 68-78.
    15. Herrero, Carmen, 1997. "Equitable opportunities: an extension," Economics Letters, Elsevier, vol. 55(1), pages 91-95, August.
    16. Herrero, Carmen & Iturbe-Ormaetxe, Inigo & Nieto, Jorge, 1998. "Ranking opportunity profiles on the basis of the common opportunities," Mathematical Social Sciences, Elsevier, vol. 35(3), pages 273-289, May.
    17. Kenji Mori & Shintaro Tamate, 2014. "Pasinetti after Sen: Towards a Capability Approach to Structural Dynamics of Consumption," Metroeconomica, Wiley Blackwell, vol. 65(4), pages 690-716, November.
    18. Antonio Villar Notario, 2001. "Multidimensional Inequality And Social Welfare," Working Papers. Serie AD 2001-30, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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    More about this item

    Keywords

    Capabilities; Functionings; Equitable Allocations.;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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