Full text: Study week on the econometric approach to development planning

A 
PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 
(il) « consumption expenditure at implicit prices » 
I 
| 2 x, dt 
. 
reaches its minimum, on the set of paths with utility 
Uz(p) equal to or exceeding that of the path (£, 2), if 
(x,, 2,)= (%X,, Z,). 
(G) If (x, 5), (x, z,) ave two eligible and attainable paths, 
5) 
r I 
Joue — dt = [late — 3) — bé, — 21) dt = 
9 5 
= lea, +5) (2,— 2,) ar — plan — 2, 
for all finite T, and for T=oo if the integrals converge and 
the last term has a limit. 
Again, all three members vanish if (x,, 2,) is itself the path 
(#,, 2,). The inequality in (25), rewritten as 
I 
[puta + 2, — Ly — 2. di 
1 
[ae —2ndt=o ; 
4] Koopmans - pag. 22
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.