What are conditions for affine transform $ w \begin{pmatrix} x_{1}\\ x_{2} \end{pmatrix} = A x + t= \begin{pmatrix} a & b \\ c & d\end{pmatrix} \begin{pmatrix} x_{1} \\ x_{2} \end{pmatrix} + \begin{pmatrix} e \\ f \end{pmatrix} $ to be a contraction on $\mathbb{R}^2$ ?
First, I found in Barnsely, "Fractals Everywhere", that if $S\subset R^2$, then $area(A(S)) = |det A| ( area(S))$. Is it then sufficient to hold: $|det A|< 1$?
Second, how is this connected with a condition that $w$ is contractive when $ ||A||_{2} < 1$? Are these conditions equivalent?
The first condition is not equivalent, as it uses the area, whereas contraction is about length. To see why, consider the matrix $$\begin{pmatrix} a&0\\0&\frac1{a^2}\end{pmatrix}.$$
We can make $a$ arbitrarily large and the determinant will get arbitrarily small, but it still won't be a contraction - things still get stretched in one direction.
You can see this in another light by considering the eigenvalues of the matrix. To be a contraction you need all of the eigenvalues to be less than $1$, while the determinant only tells you about their product.