308 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA -

28

take into account the decrease in the marginal utility of consumption.


[ 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 continuous
 time model, and to the one exposed by Professor Koop-MANS
 a moment ago.

15] Malinvaud - pag. 8