Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/121268 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Preprints of the Max Planck Institute for Research on Collective Goods No. 2015/8
Verlag: 
Max Planck Institute for Research on Collective Goods, Bonn
Zusammenfassung: 
McAfee and Reny (1992) have given a necessary and sufficient condition for full surplus extraction in models with a continuum of types. We interpret their condition as significantly stronger version of the requirement of injectiveness of the function mapping abstract types into beliefs and prove that their condition is satisfied by a generic set of model specifications. Our analysis involves an extension of the classical embedding theorem for continuous functions. Our proof does not rely on finite approximations and the topology on beliefs that we use is compatible with strategic continuity.
Schlagwörter: 
mechanism design
surplus extraction
BDP
correlated information
strategic continuity
JEL: 
D82
D44
D40
D80
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
753.64 kB





Publikationen in EconStor sind urheberrechtlich geschützt.