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 "text": "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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 "citation": "Wulf A. Kaal, Computative Economics A Framework for Economic Analysis under Computational Abundance (2026). SSRN: https://ssrn.com/abstract=6607458",
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