Martins-da-Rocha, V.F. and Vailakis, Y. (2010) Existence and uniqueness of a fixed point for local contractions. Econometrica, 78(3), pp. 1127-1141. (doi: 10.3982/ECTA7920)
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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 the existence and uniqueness of solutions to some recursive equations that arise in economic dynamics.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Vailakis, Professor Yiannis |
Authors: | Martins-da-Rocha, V.F., and Vailakis, Y. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | Econometrica |
Publisher: | Wiley |
ISSN: | 0012-9682 |
ISSN (Online): | 1468-0262 |
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