Documentos de trabajo
Existence and uniqueness of a fixed-point for local contractions
Martins-da-Rocha, Victor Filipe
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.