kaal:claim:6607458-009
Demand-side analyses that assume a proximate-consumption structure lose descriptive accuracy where the computative primitive holds, because most transactions occur among agents; welfare analysis in those domains must therefore be conducted at the terminal rather than the proximate level.
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The analytical consequence is that demand-side analyses that assume proximate-consumption structure lose descriptive accuracy in domains where the computative primitive holds. Welfare analysis in such domains must work at the terminal rather than proximate level.
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failuresupport: arguedfailure: Proximate Consumption Assumption Failurefamily: research-design-limitationai-and-agents
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