Research Discussion Paper – 1974 Equation (A.26)

∂ H ∂ SL = ∂ M (           ) ∂ SL − λ WE ( 1 − TY )   =   0 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaacq GHciITcaqGibaabaGaeyOaIyRaae4uaiaabYeaaaGaeyypa0ZaaSaa aeaacqGHciITcaqGnbWaaeWaaeaacaaMc8UaaGPaVlaaykW7caaMc8 UaaGPaVdGaayjkaiaawMcaaaqaaiabgkGi2kaabofacaqGmbaaaiab gkHiTiabeU7aSjaabEfacaqGfbWaaeWaaeaacaaIXaGaeyOeI0Iaae ivaiaabMfaaiaawIcacaGLPaaacaaMc8Uaeyypa0JaaGPaVlaaicda aaa@58D6@