Choice between opportunity sets: A characterization of welfarist behaviour |
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Authors: | Asis Banerjee |
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Abstract: | Welfarist behaviour in choosing between opportunity sets is defined in a number of alternative ways. Under the condition of consistent behaviour these definitions are shown to be equivalent. Two conditions involving revealed preference relations are proposed and shown to constitute a characterization of welfarist behaviour. |
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Keywords: | Opportunity sets Choice correspondence Welfarist behaviour |
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