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

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 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 intu...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Division:
SSD
Department:
International Development
Research group:
Oxford Poverty and Human Development Initiative (OPHI)
Role:
Author
Department for International Development More from this funder
Economic and Social Research Council More from this funder
Robertson Foundation More from this funder
Doris Oliver Foundation More from this funder
Publisher:
Oxford Poverty & Human Development Initiative (OPHI) Publisher's website
Series:
OPHI working paper
Publication date:
2011-01-01
ISSN:
2040-8188
Paper number:
48
ISBN:
9781907194344
Language:
English
Keywords:
UUID:
uuid:4ff9edf8-b31c-45c2-a5f1-c136a0d37254
Local pid:
ora:9460
Deposit date:
2014-12-02

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