A note on Matsushima's regularity condition

成果类型:
Article
署名作者:
Chung, KS
署名单位:
University of Wisconsin System; University of Wisconsin Madison
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.1999.2545
发表日期:
1999
页码:
429-433
关键词:
摘要:
This note first uses a simple example to show that H. Matsushima's (1991, J. Econ. Theory 54, 198-203) regularity condition, to the contrary of his claim, actually does not imply C. d'Aspremont and L.-A. Gerard-Varet's (1979, J. Public Ei on. 11, 25-45) compatibility condition. It then proves a stronger version of Matsushima's proposition, namely that efficient public decision rules can be truthfully implemented with budget-balancing mechanisms under the, weak regularity condition. (C) 1999 Academic Press.