Menu-dependent preferences and revelation principle

R.R.S. Saran

doi:10.1016/j.jet.2011.03.009

Menu-dependent preferences and revelation principle

R.R.S. Saran^*

^*Corresponding author for this work

Microeconomics & Public Economics

Research output: Contribution to journal › Article › Academic › peer-review

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 language	English
Pages (from-to)	1712-1720
Number of pages	9
Journal	Journal of Economic Theory
Volume	146
Issue number	4
DOIs	https://doi.org/10.1016/j.jet.2011.03.009
Publication status	Published - 1 Jan 2011

Access to Document

10.1016/j.jet.2011.03.009

Cite this

@article{42ee2859899b4e878abe44532b9df15c,

title = "Menu-dependent preferences and revelation principle",

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.",

author = "R.R.S. Saran",

year = "2011",

month = jan,

day = "1",

doi = "10.1016/j.jet.2011.03.009",

language = "English",

volume = "146",

pages = "1712--1720",

journal = "Journal of Economic Theory",

issn = "0022-0531",

publisher = "Elsevier Science",

number = "4",

}

TY - JOUR

T1 - Menu-dependent preferences and revelation principle

AU - Saran, R.R.S.

PY - 2011/1/1

Y1 - 2011/1/1

N2 - 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.

AB - 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.

U2 - 10.1016/j.jet.2011.03.009

DO - 10.1016/j.jet.2011.03.009

M3 - Article

SN - 0022-0531

VL - 146

SP - 1712

EP - 1720

JO - Journal of Economic Theory

JF - Journal of Economic Theory

IS - 4

ER -

Menu-dependent preferences and revelation principle

Abstract

Access to Document

Fingerprint

Cite this