March 2000 <p> Diamond and Mirrlees (1971) provide sufficient conditions for a second-best Pareto efficient allocation with linear commodity taxation to require efficient production when a finite set of consumers have continuous single-valued demand functions. This paper considers a continuum...</p>

April 2000 <p> As is well known, a continuous parameter process with mutually independent random variables is not jointly measurable in the usual sense. This paper proposes using a natural ``one-way Fubini'' property that guarantees a unique meaningful solution to this joint measurability problem...</p>