Existence and uniqueness of a fixed point for local contractions

DOI10.3982/ECTA7920MaRDI QIDQ3576888zbMATH OpenOpenAlexFDO

Authors Yiannis Vailakis, V. Filipe Martins-da-Rocha

Publication date 3 August 2010

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ecta7920

zbMATH Keywords

Bellman operatorfixed-point theoremKoopmans operatorlocal contractionrecursive utilityThompson aggregator

Mathematics Subject Classification ID

Fixed points and periodic points of dynamical systems; fixed-point index theory; local dynamics (37C25) Economic dynamics (91B55)

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Cited in

(29)

• Convex dynamic programming with (bounded) recursive utility
• Stochastic optimal growth model with risk sensitive preferences
• Optimal timing of decisions: a general theory based on continuation values
• New classes of local almost contractions
• Unique solutions for stochastic recursive utilities
• Dynamic programming with state-dependent discounting
• Unbounded dynamic programming via the Q-transform
• On recursive utilities with non-affine aggregator and conditional certainty equivalent
• Coase meets Bellman: dynamic programming for production networks
• Thompson aggregators, Scott continuous koopmans operators, and least fixed point theory
• Elementary results on solutions to the Bellman equation of dynamic programming: existence, uniqueness, and convergence
• Time consistent Markov policies in dynamic economies with quasi-hyperbolic consumers
• On temporal aggregators and dynamic programming
• Markov perfect equilibria in OLG models with risk sensitive agents
• On discounted dynamic programming with unbounded returns
• Necessity of the terminal condition in the infinite horizon dynamic optimization problems with unbounded payoff
• Multivalued self almost local contractions
• Infinite-horizon deterministic dynamic programming in discrete time: a monotone convergence principle and a penalty method
• A differentiable characterization of local contractions on Banach spaces
• Fixed point for local contractions: applications to recursive utility
• Fixed point theorems for local almost contractions
• Local uniqueness and periodicity induced by concentration
• An approximation approach to dynamic programming with unbounded returns
• Discounted dynamic programming with unbounded returns: application to economic models
• Do not blame Bellman: it is Koopmans' fault
• Existence and uniqueness of solutions to the Bellman equation in stochastic dynamic programming
• Stochastic games with unbounded payoffs: applications to robust control in economics
• Recursive utility for Thompson aggregators: uniqueness via concave operator theory and iterative approximations
• On the existence and the uniqueness of fixed points of Sehgal contractions

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