Global Stability of Voluntary Contribution Mechanism with Heterogeneous Preferences

Tatsuyoshi Saijo ()

No SDES-2020-6, Working Papers from Kochi University of Technology, School of Economics and Management

Abstract: We find a necessary and sufficient condition for global stability of the voluntary contribution mechanism with heterogeneous quasilinear preferences under a simultaneous system of difference equations. The condition is that there must exist an outstanding player whose willingness to contribute dominates the sum of the others’ willingness.

JEL-codes: C62 C72 C92 H41 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2020-07, Revised 2020-07
New Economics Papers: this item is included in nep-ore
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Citations: View citations in EconPapers (1)

Published in SDE Series, July 2020, pages 1-15

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http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2020-6.pdf First version, 2020 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:kch:wpaper:sdes-2020-6

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