| No | SDES-2020-6 |
|---|---|
| Title | Global Stability of Voluntary Contribution Mechanism with Heterogeneous Preferences |
| Author | Tatsuyoshi Saijo |
| 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. |
| Revised version published in |