7"
|

PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28

Now,

(221-3)

R, (t-6)=R,(#)e Ls p(u)du

so that

(221-4)

_ . f p(u)du
LR(t)=La(t)+ RLR, (1) B(o)(L[e “° g[t-0,0)]| de

Paretian Optimum Conditions

222. In conditions of Paretian optimum, the cost of production
 Ro(#) of real consumed income Rg(f) is minimized.
Subject to the condition of the production function relationship
(221-4) at any time #; and according to (221-1) and (221-4) and
for values of g(#) and R,(#) considered as given, we have

(222-1)

de (t-6,6)d0=o

11] Allais - pag. 82