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