kaal:claim:6607458-024
Where the contraction condition holds, the computative framework delivers a stronger equilibrium result than the Arrow-Debreu theorem, which asserts existence but yields neither uniqueness without added monotonicity assumptions nor a constructive convergent procedure.
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Where the condition holds, Computative Economics delivers a stronger equilibrium result than the Arrow-Debreu existence theorem: the latter asserts existence but does not deliver uniqueness without additional monotonicity assumptions and does not deliver a constructive convergent procedure.
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mechanismsupport: arguedeconomics
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