Martins-da-Rocha, V.F. and Vailakis, Y. (2013) Fixed point for local contractions: applications to recursive utility. International Journal of Economic Theory, 9(1), pp. 23-33. (doi: 10.1111/j.1742-7363.2013.12001.x)
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Abstract
The paper shows how fixed-point results for local contractions apply to the study of the existence and uniqueness of recursive utility functions defined on subsets of inline image and being continuous for a specific topology. Two particular applications are presented that give rise to local contractions associated with an uncountable family of semi-distances.
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: | International Journal of Economic Theory |
Publisher: | Wiley |
ISSN: | 1742-7355 |
ISSN (Online): | 1742-7363 |
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