A note on Matsushima's regularity condition

Authors
Citation
Ks. Chung, A note on Matsushima's regularity condition, J ECON THEO, 87(2), 1999, pp. 429-433
Citations number
4
Categorie Soggetti
Economics
Journal title
JOURNAL OF ECONOMIC THEORY
ISSN journal
00220531 → ACNP
Volume
87
Issue
2
Year of publication
1999
Pages
429 - 433
Database
ISI
SICI code
0022-0531(199908)87:2<429:ANOMRC>2.0.ZU;2-3
Abstract
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 cl aim, 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 stro nger version of Matsushima's proposition, namely that efficient public deci sion rules can be truthfully implemented with budget-balancing mechanisms u nder the, weak regularity condition. (C) 1999 Academic Press.