308 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA -
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take into account the decrease in the marginal utility of con-
sumption.
[ end up, in section 7, with the model first studied by
RAMsEY. I there show that my treatment with discrete time is
really quite similar to the one proposed by RAMSEY for a con-
tinuous time model, and to the one exposed by Professor Koop-
MANS a moment ago.
15] Malinvaud - pag. 8
