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Menu-dependent preferences and revelation principle

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  • Saran, Rene

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.

Suggested Citation

  • Saran, Rene, 2011. "Menu-dependent preferences and revelation principle," Journal of Economic Theory, Elsevier, vol. 146(4), pages 1712-1720, July.
    • Handle: RePEc:eee:jetheo:v:146:y:2011:i:4:p:1712-1720
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    References listed on IDEAS

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    Cited by:

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    3. Lee, Jihong & Sabourian, Hamid, 2015. "Complexity and repeated implementation," Journal of Economic Theory, Elsevier, vol. 158(PA), pages 259-292.
    4. Ville Korpela, 2014. "Bayesian implementation with partially honest individuals," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(3), pages 647-658, October.
    5. Ola Mahmoud, 2017. "On the consistency of choice," Theory and Decision, Springer, vol. 83(4), pages 547-572, December.
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    7. Ville Korpela, 2017. "All Deceptions Are Not Alike: Bayesian Mechanism Design with a Social Norm against Lying," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 173(2), pages 376-393, June.
    8. Crawford, Vincent P., 2021. "Efficient mechanisms for level-k bilateral trading," Games and Economic Behavior, Elsevier, vol. 127(C), pages 80-101.
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    10. Giacomo Rubbini, 2023. "Mechanism Design without Rational Expectations," Papers 2305.07472, arXiv.org, revised Nov 2023.
    11. Kneeland, Terri, 2022. "Mechanism design with level-k types: Theory and an application to bilateral trade," Journal of Economic Theory, Elsevier, vol. 201(C).
    12. Altun, Ozan Altuğ & Barlo, Mehmet & Dalkıran, Nuh Aygün, 2023. "Implementation with a sympathizer," Mathematical Social Sciences, Elsevier, vol. 121(C), pages 36-49.

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