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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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