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 "text": "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.",
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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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