@Jerzy here's (perhaps an unneeded) clarification just in case it helps:
Matthias said initially in a set theoretic type system continuations could
be considered as having the empty set as their return _type_ (not value) --
or in other words, their return type would be the empty type, or bottom
(which I believe is the "dramatic" something you had suggested). In Typed
Racket (U) is bottom (also written 'Nothing' in Typed Racket)).

On Tue, Aug 30, 2016 at 9:10 AM Matthias Felleisen <matth...@ccs.neu.edu>
wrote:

>
> > On Aug 30, 2016, at 3:22 AM, Jerzy Karczmarczuk <
> jerzy.karczmarc...@unicaen.fr> wrote:
> >
> > Could anybody justify this convention?
>
>
> Here the empty set represents the set of all possible result values.
> That’s a meta-set or a set about things in the language.
>
> > An empty set is a legitimate piece of data.
>
> If you wanted a function to return the empty set as a piece of data, you
> would have to choose a set representation.
>
> In principle, you ought to be able to construct a singleton type that
> expresses that a function will return the empty set.
>
> — Matthias
>
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