86 
PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 
and taking (226-4) into account. 
(227-4) 
i-p dY, 
I, v cpr 
0 Ye d(i-p) Y. 
Noting that, according to (226-6) and for e(t) considered as 
given, we have 
(227-5) 
1 day, 1 adv 
v2 d(i-p) 1 d{i-p) 
we find 
~ avy L A 
(227-6 Ce + [=e L-p ÿ 
2778) (1-Yp) (1-72) TY aio) | 
Real Consumed Income 
228. From (223-6) and (223-7) we have 
228-1) 
_f! 
e /. p(u)du 
L e(t-0,0)! 
"p(u)durLe(0) 
(2 (u)du-Lk[1')-i°6+LB(8) 
i1| Allais - pag. go