Existence and Uniqueness of a Fixed-Point for Local Contractions

Yiannis Vailakis and V. Filipe Martins-da-Rocha ()

No 677, Economics Working Papers (Ensaios Economicos da EPGE) from Graduate School of Economics, Getulio Vargas Foundation (Brazil)

Abstract: This paper proves the existence and uniqueness of a fixed-point for local contractions without assuming the family of contraction coefficients to be uniformly bounded away from 1. More importantly it shows how this fixed-point result can apply to study existence and uniqueness of solutions to some recursive equations that arise in economic dynamics.

Date: 2008-05-15
View list of references View citations in EconPapers

Downloads: (external link)
http://virtualbib.fgv.br/dspace/bitstream/10438/16 ... raction-23-11-09.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fgv:epgewp:677

Access Statistics for this paper

More papers in Economics Working Papers (Ensaios Economicos da EPGE) from Graduate School of Economics, Getulio Vargas Foundation (Brazil)
Contact information at EDIRC.
Series data maintained by Núcleo de Computação da EPGE ().