Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach
<p>This paper explores the possibility of defining a non-utilitarian normative standard for assessments of welfare and deprivation. The paper contributes to this end in three ways. First, the paper formalises a key aspect of Prof. Sen’s critique of neoclassical welfare economics, regarding the...
| मुख्य लेखक: | |
|---|---|
| स्वरूप: | Working paper |
| भाषा: | English |
| प्रकाशित: |
Oxford Poverty & Human Development Initiative (OPHI)
2011
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| _version_ | 1826259771034959872 |
|---|---|
| author | Silva-Leander, S |
| author_facet | Silva-Leander, S |
| author_sort | Silva-Leander, S |
| collection | OXFORD |
| description | <p>This paper explores the possibility of defining a non-utilitarian normative standard for assessments of welfare and deprivation. The paper contributes to this end in three ways. First, the paper formalises a key aspect of Prof. Sen’s critique of neoclassical welfare economics, regarding the assumption of consistent utility-maximisation in the revealed preference theory. Secondly, the paper explores alternative formulations of the axiom of revealed preferences that are consistent with Prof. Sen’s critique and proposes a set of intuitive assumptions to characterise the relation between observed choices and underlying preferences in the absence of consistent utility-maximisation. Finally, we use these to construct two alternative normative ranking rules that can be used in empirical applications of Prof. Sen’s so-called capability approach.</p> |
| first_indexed | 2024-03-06T18:55:02Z |
| format | Working paper |
| id | oxford-uuid:118caaf6-0ae4-42f1-a65b-be9fe71fea54 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T18:55:02Z |
| publishDate | 2011 |
| publisher | Oxford Poverty & Human Development Initiative (OPHI) |
| record_format | dspace |
| spelling | oxford-uuid:118caaf6-0ae4-42f1-a65b-be9fe71fea542022-03-26T10:02:55ZRevealed meta-preferences : axiomatic foundations of normative assessments in the capability approachWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:118caaf6-0ae4-42f1-a65b-be9fe71fea54EnglishOxford University Research Archive - ValetOxford Poverty & Human Development Initiative (OPHI)2011Silva-Leander, S<p>This paper explores the possibility of defining a non-utilitarian normative standard for assessments of welfare and deprivation. The paper contributes to this end in three ways. First, the paper formalises a key aspect of Prof. Sen’s critique of neoclassical welfare economics, regarding the assumption of consistent utility-maximisation in the revealed preference theory. Secondly, the paper explores alternative formulations of the axiom of revealed preferences that are consistent with Prof. Sen’s critique and proposes a set of intuitive assumptions to characterise the relation between observed choices and underlying preferences in the absence of consistent utility-maximisation. Finally, we use these to construct two alternative normative ranking rules that can be used in empirical applications of Prof. Sen’s so-called capability approach.</p> |
| spellingShingle | Silva-Leander, S Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach |
| title | Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach |
| title_full | Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach |
| title_fullStr | Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach |
| title_full_unstemmed | Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach |
| title_short | Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach |
| title_sort | revealed meta preferences axiomatic foundations of normative assessments in the capability approach |
| work_keys_str_mv | AT silvaleanders revealedmetapreferencesaxiomaticfoundationsofnormativeassessmentsinthecapabilityapproach |