Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities
---- Acknowledgments ----
The authors thank Anmol Bhandari, Tim Christensen, Ippei Fujiwara, Jinill Kim, Daisuke Oyama, and Guanlong Ren for helpful comments. Financial support from ARC grant FT160100423 is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.