Martins-da-Rocha, V. Filipe; Vailakis, Yiannis - In: Econometrica 78 (2010) 3, pp. 1127-1141
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 the existence and uniqueness of solutions...