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Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach

Subtitle:
OPHI research in progress 26b
Abstract:

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....

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Publication status:
Published
Peer review status:
Not peer reviewed
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Poverty and Human Development Initiative (OPHI)
Department:
SSD, Queen Elizabeth House, Department of International Development
Publisher:
Oxford Poverty & Human Development Initiative (OPHI) Publisher's website
Publication date:
2011
URN:
uuid:118caaf6-0ae4-42f1-a65b-be9fe71fea54
Local pid:
ora:9511
Language:
English
Keywords:

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