You need to know: Metric space, complete metric space, notation for the n-th iterate of
.
Background: Let be the set of all non-decreasing functions
such that
for all
. Let
be a complete metric space. A mapping
is called an
–
-contractive if there exist two functions
and
such that
for all
. We say that T is
-admissible if for
,
implies that
.
The Theorem: On 17th April 2011, Bessem Samet, Calogero Vetro, and Pasquale Vetro submitted to Nonlinear Analysis: Theory, Methods & Applications a paper in which they proved the following result. Let be a complete metric space and
be an
–
-contractive mapping satisfying the following conditions: (i) T is
-admissible; (ii) there exists
such that
; and (iii) T is continuous. Then, T has a fixed point, that is, there exists
such that
.
Short context: The 1922 Banach’s Fixed Point Theorem states that, if is a non-empty complete metric space and
is such that (*)
for some
, then f has a fixed point
. It is a fundamental result in mathematics with countless applications. However, in some other applications condition (*) does not hold. The Theorem replaces (*) with a weaker condition which reduces to (*) in the special case
and
. As an example, the authors provide applications to the theory of differential equations when the Theorem is applicable while Banach’s result is not. See here and here for other versions of fixed point theorems.
Links: The original paper is available here.