Existence and uniqueness of a fixed-point for local contractions
| Data(s) |
15/05/2008
23/09/2010
15/05/2008
23/09/2010
15/05/2008
|
|---|---|
| Resumo |
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. |
| Identificador | |
| Publicador |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
| Relação |
Ensaios Econômicos;677 |
| Palavras-Chave | #Local contraction #Fixed-point theorem #Economia #Teoria do ponto fixo |
| Tipo |
Working Paper |
