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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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    1. Simonson, Itamar, 1989. " Choice Based on Reasons: The Case of Attraction and Compromise Effects," Journal of Consumer Research, Oxford University Press, vol. 16(2), pages 158-174, September.
    2. Amartya Sen, 1997. "Maximization and the Act of Choice," Econometrica, Econometric Society, vol. 65(4), pages 745-780, July.
    3. Eliaz, K., 1999. "Fault Tolerant Implementation," Papers 21-99, Tel Aviv.
    4. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January.
    5. Sen, Amartya, 1994. "The Formulation of Rational Choice," American Economic Review, American Economic Association, vol. 84(2), pages 385-390, May.
    6. Sen, Amartya, 1993. "Internal Consistency of Choice," Econometrica, Econometric Society, vol. 61(3), pages 495-521, May.
    7. Partha Dasgupta & Peter Hammond & Eric Maskin, 1979. "The Implementation of Social Choice Rules: Some General Results on Incentive Compatibility," Review of Economic Studies, Oxford University Press, vol. 46(2), pages 185-216.
    8. Huber, Joel & Payne, John W & Puto, Christopher, 1982. " Adding Asymmetrically Dominated Alternatives: Violations of Regularity and the Similarity Hypothesis," Journal of Consumer Research, Oxford University Press, vol. 9(1), pages 90-98, June.
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    Cited by:

    1. Bierbrauer, Felix & Netzer, Nick, 2016. "Mechanism design and intentions," Journal of Economic Theory, Elsevier, vol. 163(C), pages 557-603.
    2. repec:eee:mateco:v:74:y:2018:i:c:p:108-118 is not listed on IDEAS
    3. Geoffroy de Clippel, 2014. "Behavioral Implementation," American Economic Review, American Economic Association, vol. 104(10), pages 2975-3002, October.
    4. Lee, Jihong & Sabourian, Hamid, 2015. "Complexity and repeated implementation," Journal of Economic Theory, Elsevier, vol. 158(PA), pages 259-292.
    5. 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.
    6. repec:kap:theord:v:83:y:2017:i:4:d:10.1007_s11238-017-9635-7 is not listed on IDEAS

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