Sentence examples for surplus extraction from inspiring English sources

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

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.

Barelli [P. Barelli, On the genericity of full surplus extraction in mechanism design, J. Econ. Theory 144 (2009) 1320 1332] defines beliefs-determine-preferences (BDP) models and argues that BDP models are nongeneric in a topological sense.

Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs, full surplus extraction is only possible if agents' beliefs about other agents are fully informative about their own payoff parameters.

Furthermore, we follow the idea of Heifetz and Neeman [A. Heifetz, Z. Neeman, On the generic (im possibility of full surplus extraction, Econometrica 74 (2006) 213–233] to propose a more relevant notion of BDP⁎ model.

Treatises on the creation of surplus value, the extraction of monopoly profit and the behaviour of stock prices far outnumber those on how the state finances its spending and allocates resources.In his centenary year, Schumpeter's preoccupations can be seen to have been the right ones.

Marx's economic analysis of capitalism is based on his version of the labour theory of value, and includes the analysis of capitalist profit as the extraction of surplus value from the exploited proletariat.

Full extraction of the surplus in Bayesian and dominant strategy auctions, Econometrica 56, 1247 1257] and the Identifiability condition introduced in this paper.

Crémer, R. McLean, Full extraction of the surplus in bayesian, dominant strategy auctions, Econometrica 56 (1988) 1247 1258] as one in which agents hold private information about the informativeness of their signals about other agentsʼ types.

Analytical sensitivity was estimated with surplus anonymized sputum specimens spiked before extraction with target bacterial species (mock specimens).