Menu-dependent preferences and revelation principle

Rene Saran

Journal of Economic Theory, 2011, vol. 146, issue 4, 1712-1720

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.

Keywords: Revelation; principle; Menu-dependent; preferences; Weak; contraction; consistency; Minimax; regret (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:146:y:2011:i:4:p:1712-1720

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