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The Maximal Domain for the Revelation Principle when Preferences are Menu Dependent

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Author Info
Saran, Rene (METEOR)
Abstract

We extend the domain of preferences to include menu-dependent preferences and characterize the maximal subset of this domain in which the revelation principle holds. Minimax-regret preference is shown to be outside this subset.

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Paper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 023.

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Date of creation: 2008
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Handle: RePEc:dgr:umamet:2008023

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Keywords: microeconomics ;

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  2. Amartya Sen, 1997. "Maximization and the Act of Choice," Econometrica, Econometric Society, vol. 65(4), pages 745-780, July.
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  3. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January. [Downloadable!] (restricted)
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  4. Dasgupta, Partha S & Hammond, Peter J & Maskin, Eric S, 1979. "The Implementation of Social Choice Rules: Some General Results on Incentive Compatibility," Review of Economic Studies, Blackwell Publishing, vol. 46(2), pages 185-216, April. [Downloadable!] (restricted)
  5. Huber, Joel & Payne, John W & Puto, Christopher, 1982. " Adding Asymmetrically Dominated Alternatives: Violations of Regularity and the Similarity Hypothesis," Journal of Consumer Research: An Interdisciplinary Quarterly, University of Chicago Press, vol. 9(1), pages 90-98, June.
  6. Eliaz, K., 1999. "Fault Tolerant Implementation," Papers 21-99, Tel Aviv.
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  7. Sen, Amartya K, 1971. "Choice Functions and Revealed Preference," Review of Economic Studies, Blackwell Publishing, vol. 38(115), pages 307-17, July. [Downloadable!] (restricted)
  8. Sen, Amartya, 1994. "The Formulation of Rational Choice," American Economic Review, American Economic Association, vol. 84(2), pages 385-90, May. [Downloadable!] (restricted)
  9. Sen, Amartya, 1993. "Internal Consistency of Choice," Econometrica, Econometric Society, vol. 61(3), pages 495-521, May. [Downloadable!] (restricted)
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