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

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Menu-dependent preferences and revelation principle

Abstract

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