Sentence examples for full surplus from inspiring English sources

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We consider the possibility that a risk-averse principal extracts full surplus in agency problems with adverse selection.

Our results can be used to also establish the genericity of common priors that admit full surplus extraction.

For the high range, a wide span of prize structures extracts full surplus and is thus optimal.

In contrast, when the efficient allocation is dispersed then no sequence of mechanisms asymptotically extracts the full surplus.

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.

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Similar(45)

A full 80% of the total surpluses globally come from countries beset by declining industrial production or deflation, like Japan.

That is because when the sponge is full, any surplus leaks into crevasses beneath the ice.

For the sake of converting that into a full employment surplus of 0.3 percent, the coalition has asked most government departments to slash spending by 25 percent to 40 percent over the next four years.

Sparely told, swiftly paced and emotionally rich, it follows four sisters building their futures in a world full of surplus women.

When batteries are full, the surplus electricity can be exported back to the electrical grid if the building is connected to it, offsetting electricity costs from the utility company.

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