kaal:claim:6607458-021

A recursive equilibrium is a profile of generation functions and allocations satisfying individual optimality and model consistency simultaneously; it is recursive because the model-update operator feeds back into generation, allocation, and outputs, and the equilibrium is the fixed point of that recursion.

The equilibrium is recursive because Φ feeds back into G_i, which feeds back into a, which feeds back into outputs, which feed back into Φ. The equilibrium is the fixed point of this recursion.

Wulf A. Kaal, Computative Economics A Framework for Economic Analysis under Computational Abundance (2026), VI.A. Definition, p. 16
https://ssrn.com/abstract=6607458 · source PDF

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

definitionalsupport: arguedeconomics

• extended_by kaal:claim:6655138-018 Recursive equilibrium under Computative Economics is not static equilibrium but equilibrium over the dynamics ...

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