The proximal point algorithm in geodesic spaces with curvature bounded above

We investigate the asymptotic behavior of sequences generated by the proximal point algorithm for convex functions in complete geodesic spaces with curvature bounded above. Using the notion of resolvents of such functions, which was recently introduced by the authors, we show the existence of minimizers of convex functions under the boundedness assumptions on such sequences as well as the convergence of such sequences to minimizers of given functions.