A rigorous and example-driven introduction to topics in economic dynamics, with an
emphasis on mathematical and computational techniques for modeling dynamic systems …

We study unique and globally attracting solutions of a general nonlinear stochastic equation,
widely used in Finance and Macroeconomics and closely related to stochastic Koopmans …

We obtain exact necessary and sufficient conditions for existence and uniqueness of
solutions of a class of homothetic recursive utility models postulated by Epstein and Zin. The …

We provide a unified approach to stochastic dynamic programming with recursive utility
based on an elementary application of Tarski's fixed point theorem. We establish that the …

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 …

We consider convex dynamic programs with general (bounded) recursive utilities. The
Contraction Mapping Theorem fails when the utility aggregator does not obey any …

In this paper, we apply the idea of k-local contraction of Rincón-Zapatero and Rodriguez-
Palmero (Econometrica 71: 1519–1555, 2003; Econ Theory 33: 381–391, 2007) to study …

This paper derives primitive, easily verifiable sufficient conditions for existence and
uniqueness of (stochastic) recursive utilities for several important classes of preferences. In …

In this paper, we consider the problem of the existence and the uniqueness of a recursive
utility function defined on intertemporal lotteries. The purpose of this paper is to provide the …

We reconsider the theory of Thompson aggregators proposed by Marinacci and Montrucchio
(Marinacci and Montrucchio, 2010). We prove the existence of a Least Fixed Point (LFP) …