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The genericity of the McAfee-Reny condition for full surplus extraction in models with a continuum of types

机译:具有连续类型的模型中完全剩余提取的mcafee-Reny条件的通用性

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摘要

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.
机译:McAfee和Reny(1992)为具有连续类型的模型中的全部剩余提取提供了充要条件。我们将其条件解释为将抽象类型映射为信念的函数的内射性要求的明显更强的形式,并证明它们的条件由一组通用的模型规范满足。我们的分析涉及对连续函数的经典嵌入定理的扩展。我们的证明不依赖于有限近似,并且我们所使用的信念的拓扑结构与战略连续性兼容。

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