Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957311 | Journal of Economic Theory | 2011 | 9 Pages |
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
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Rene Saran,