SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIOUE ETc

In this particular example all operating expenses would
clearly be investment outlays, and a clear cold light would be
thrown on the lack of symmetry of the usual definitions.

Real Consumed Income

(17. If it be assumed that real consumed income Rc (t) is a
function of factor inputs 7,d® i.e. a functional

117-1)

R, (t)=a(t)F[R,(¢)& (,0]]
=a (t)F[R,, (8) ¢ (¢-6,8)]

of the function (111-6)

Rul(t) #(8,0)=R,(t-0)e (#-0,0,

and if it is also assumed that this functional is of k-order
homogeneity, then

117-2) R, (t)=0 (e)[R()1* G[#(4,6)

In this discussion, x(#) is used as a coefficient which characterises
 the rate of technical progress.

11] Allais - pag. 43