Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105765
Authors: 
Mariotti, Marco
Veneziani, Roberto
Year of Publication: 
2012
Series/Report no.: 
Working Paper, University of Massachusetts, Department of Economics 2012-09
Abstract: 
Opportunities in society are commonly interpreted as 'chances of success'. Within this interpretation, should opportunities be equalised? We show that a liberal principle of justice and a limited principle of social rationality imply that opportunity profiles should be evaluated by means of a 'Nash' criterion. The interpretation is new: the social objective should be to maximise the chance that everybody in society succeeds. In particular, the failure of even only one individual must be considered maximally detrimental. We also study a refinement of this criterion and its extension to problems of intergenerational justice. JEL Categories: D63, D70
Subjects: 
opportunities
chances in life
Non-Interference
Nash ordering
JEL: 
D63
D70
Document Type: 
Working Paper

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