Local versions of Tarski's theorem for correspondences

• Autorzy: Łukasz Balbus , Wojciech Olszewski , Kevin Reffett , Łukasz Woźny
• Języki publikacji: EN

Abstrakty

EN

For a strong set order increasing (resp., strongly monotone) upper order hemicontinuous correspondence F : A ⇒ A, where A is a complete lattice (resp., a σ-complete lattice), we provide sufficient conditions for tight fixed- point bounds for sufficiently large iterations F k(a0), starting from any point a0 ∈ A. Our results prove a local version of the Veinott-Zhou generalization of Tarski's theorem, as well as provide a new global version of the Tarski- Kantorovich principle for correspondences. (original abstract)

Słowa kluczowe

EN

Economy; Markov models; Balance; Dynamic Stochastic General Equilibrium (DSGE)

PL

Gospodarka; Modele Markowa; Równowaga; Model dynamicznej stochastycznej równowagi ogólnej

• Czasopismo: Collegium of Economic Analysis SGH - Working Papers
• Rocznik: 2023
• Numer: nr 85
• Strony: 20

Twórcy

autor

Łukasz Balbus

• University of Zielona Góra, Poland

autor

Wojciech Olszewski

• Northwestern University, USA

autor

Kevin Reffett

• Arizona State University, USA

autor

Łukasz Woźny

• SGH Warsaw School of Economics, Poland

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