TY - JOUR
T1 - A Note on Matsushima's Regularity Condition
AU - Chung, Kim Sau
N1 - Publisher copyright:
Copyright © 1999 by Academic Press
PY - 1999/8
Y1 - 1999/8
N2 - This note first uses a simple example to show that H. Matsushima's (1991, J. Econ. Theory54, 198–203) regularity condition, to the contrary of his claim, actually does not imply C. d'Aspremont and L.-A. Gérard-Varet's (1979, J. Public Econ.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. Journal of Economic Literature Classification Numbers: C72, D82.
AB - This note first uses a simple example to show that H. Matsushima's (1991, J. Econ. Theory54, 198–203) regularity condition, to the contrary of his claim, actually does not imply C. d'Aspremont and L.-A. Gérard-Varet's (1979, J. Public Econ.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. Journal of Economic Literature Classification Numbers: C72, D82.
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-0242285427&partnerID=MN8TOARS
U2 - 10.1006/jeth.1999.2545
DO - 10.1006/jeth.1999.2545
M3 - Journal article
SN - 0022-0531
VL - 87
SP - 429
EP - 433
JO - Journal of Economic Theory
JF - Journal of Economic Theory
IS - 2
ER -