In this note, we show that the least xed point of the Bellman op- erator in a certain set can be computed by value … iteration whether or not the xed point is the value function. As an application, we show one of the main results of Kamihigashi …

mappings. We characterize the model's identi cation and extend Rust's (1987) nested xed point estimator to account for the …

globally stable xed point if and only if T is asymptotically contractive and there exist x; x 2 X such that Tix x for all i 2 N … and x Tx. We establish this and other xed point results for more general spaces where d consists of a collection of … functions on R. Keywords: xed point; order-preserving self-map; contraction; nonlin- ear Markov operator; global stability …