Menu-dependent preferences and revelation principle

R.R.S. Saran

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5 Citations (Scopus)

Abstract

We extend the set of preferences to include menu-dependent preferences and characterize the domain in which the revelation principle holds. A weakening of the well-known contraction consistency is shown to define a subset of this domain. However, we show that minimax-regret preference can be outside the domain.
Original languageEnglish
Pages (from-to)1712-1720
Number of pages9
JournalJournal of Economic Theory
Volume146
Issue number4
DOIs
Publication statusPublished - 1 Jan 2011

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