Unique Solutions to Power-Transformed Affine Systems

MaRDI QIDQ6419177zbMATH OpenFDO

Authors John Stachurski, Ole Wilms, Jun-Nan Zhang

Publication date 30 November 2022

Abstract: Systems of the form $x=(A{x}^s{)}^{1/s}+b$ arise in a range of economic, financial and control problems, where $A$ is a linear operator acting on a space of real-valued functions (or vectors) and $s$ is a nonzero real value. In these applications, attention is focused on positive solutions. We provide a simple and complete characterization of existence and uniqueness of positive solutions under conditions on $A$ and $b$ that imply positivity.

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