Complete axioms for categorical fixed-point operators

We give an axiomatic treatment of fixed-point operators in categories. A notion of iteration operator is defined embodying the equational properties of iteration theories. We prove a general completeness theorem for iteration operators, relying on a new, purely syntactic characterisation of the free iteration theory. We then show how iteration operators arise in axiomatic domain theory. One result derives them from the existence of sufficiently many bifree algebras (exploiting the universal property Freyd introduced in his notion of algebraic compactness). Another result shows that, in the presence of a parameterized natural numbers object and an equational lifting monad, any uniform fixed-point operator is necessarily an iteration operator