{"title":"Evaluating Allocations of Freedom","authors":"Itai Sher","doi":"10.1111/ecoj.12455","DOIUrl":null,"url":null,"abstract":"<p>This article develops a formal approach to evaluating freedom in interactive settings based on the literatures on preference for flexibility and measurement of diversity. The approach posits that the value of freedom has an instrumental component – grounded in preferences – and an intrinsic component. The philosophical justification of the approach is considered and potential conflicts between freedom and efficiency are explored. On a technical level, the article extends the notion of a diversity measure to menus of lotteries, which is what is needed to evaluate freedom when many agents seek flexibility simultaneously.</p>","PeriodicalId":48448,"journal":{"name":"Economic Journal","volume":"128 612","pages":"F65-F94"},"PeriodicalIF":3.8000,"publicationDate":"2018-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/ecoj.12455","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Journal","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ecoj.12455","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
This article develops a formal approach to evaluating freedom in interactive settings based on the literatures on preference for flexibility and measurement of diversity. The approach posits that the value of freedom has an instrumental component – grounded in preferences – and an intrinsic component. The philosophical justification of the approach is considered and potential conflicts between freedom and efficiency are explored. On a technical level, the article extends the notion of a diversity measure to menus of lotteries, which is what is needed to evaluate freedom when many agents seek flexibility simultaneously.
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The Economic Journal is the Royal Economic Society''s flagship title, and is one of the founding journals of modern economics. Over the past 125 years the journal has provided a platform for high quality and imaginative economic research, earning a worldwide reputation excellence as a general journal publishing papers in all fields of economics for a broad international readership. It is invaluable to anyone with an active interest in economic issues and is a key source for professional economists in higher education, business, government and the financial sector who want to keep abreast of current thinking in economics.
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