Existence and uniqueness of a fixed-point for local contractions

Yiannis Vailakis and V. Filipe Martins-da-Rocha

No 677, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (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
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Existence and Uniqueness of a Fixed Point for Local Contractions (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgewp:677

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