314 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28
the knowledge of ¢(i - p) on its own can be used to derive only
a single relation between ©, and &.
Thus, for example, the statistical knowledge of Ÿ gives the
relation (1)
raze. y €
314-2) ER © ©, [r-O,?-à @(?-p)]
In other words, there is only one empirical relationship avail-
able to determine the two parameters ©, and 8.
The condition (?)
5 2
343) Re [= (i-e}-50;(i-e}]
R_ 2
from which a second expression could be derived, is practically
unusable, for the variation of Ro/Rey With 7 and p is second-
order and completely negligible by comparison with the in-
fluence of the other factors determining the level of real con-
sumed income.
Alternatively, we could think of using one of the two rela-
tions (3) (4)
(314-4)
(314-5)
®~ ©, [r-0,(i-p)-28@,(:-p)]
®~ 0,[1-0,i-23 6,4]
Relation (240-11).
Relation (240-13).
y Relation (240-5) and (240-6).
4) We have 0—0 ~ (142 8) 02 pn
11] Allais - pag. 118