Preliminaries for Recursive Macroeconomics (Part 3/5): The Contraction Mapping Theorem @EconJohnTutor

Uploaded November 2019 | Updated September 2026, 1 week ago

In this video I discuss what a contraction mapping is, how it differs from usual functional mapping and the contraction mapping theorem.

Preliminaries for Recursive Macroeconomics (Part 3/5): The Contraction Mapping Theorem

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Preliminaries for Recursive Macroeconomics (Part 3/5): The Contraction Mapping Theorem

Name: Production Externalities: Example #3 @EconJohnTutor
Uploaded: 2023-11-03T01:29:31-0400
Duration: 8 min 17 s
Description: In this video we work through a case of two firms producing negative externalities on each other and solve for a set of Pigouvian taxes.