Using a variational technique, based on an effective Lagrangian, we an
alyze static and dynamical properties of solitons in the one-dimension
al discrete nonlinear Schrodinger equation with a homogeneous power no
nlinearity of degree 2 sigma + 1. We obtain the following results. (i)
For sigma < 2 there is no threshold for the excitation of a soliton;
solitons of arbitrary positive energies, W = Sigma\u(n)\(2), exist. (i
i) Range of multistability: there is a critical value of sigma, sigma(
cr) approximate to 1.32, such that for sigma(cr) < sigma < 2, there ex
ist three soliton-like states in a certain finite intermediate range o
f energies, two stable and one unstable (while there is no multistable
regime in the continuum NLS equation). For energies below and above t
his range, there is a unique soliton state which is stable. (iii) For
sigma greater than or equal to 2, there exists an energy threshold for
formation of the soliton. For all sigma > 2 there exist two soliton s
tates, one narrow and one broad. The narrow soliton is stable, while t
he broad one is not. (iv) We find an energy criterion for the excitati
on of solitons by initial configurations which are narrowly concentrat
ed in few lattice sites.