کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5100085 1478735 2017 32 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The generic possibility of full surplus extraction in models with large type spaces
ترجمه فارسی عنوان
احتمال عمومی استخراج مازاد کامل در مدل های فضایی نوع بزرگ
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
McAfee and Reny (1992) have given a necessary and sufficient condition for full surplus extraction in naive type spaces with a continuum of payoff types. We generalize their characterization to arbitrary abstract type spaces and to the universal type space and show that in each setting, full surplus extraction is generically possible. We interpret the McAfee-Reny condition as a much stronger version of injectiveness of belief functions and prove genericity by arguments similar to those used to prove the classical embedding theorem for continuous functions. Our results can be used to also establish the genericity of common priors that admit full surplus extraction.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 170, July 2017, Pages 385-416
نویسندگان
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