Implication Details
Assumptions: wide pullbacks
Conclusions: cofiltered limits, pullbacks
This is an equivalence.
Reason: To prove , a wide pullback can be constructed as a cofiltered limit of finite pullbacks, and finite pullbacks can be reduced to binary pullbacks (the empty-indexed pullback always exists). Conversely, assume that wide pullbacks exist in . For every object then the slice category has wide pullbacks and a terminal object, hence is complete. Since a cofiltered limit can be finally reduced to such a slice, we are done.