Bse'S, Bsde'S and fixed-point problems

In this paper, we introduce a class of backward stochastic equations (BSEs) that extend classical BSDEs and include many interesting examples of generalized BSDEs as well as semimartingale backward equations. We show that a BSE can be translated into a fixed-point problem in a space of random vectors. This makes it possible to employ general fixed-point arguments to establish the existence of a solution. For instance, Banach's contraction mapping theorem can be used to derive general existence and uniqueness results for equations with Lipschitz coefficients, whereas Schauder-type fixedpoint arguments can be applied to non-Lipschitz equations. The approach works equally well for multidimensional as for one-dimensional equations and leads to results in several interesting cases such as equations with pathdependent coefficients, anticipating equations, McKean-Vlasov-type equations and equations with coefficients of superlinear growth.