RDP 8501: Neoclassical Theory and Australian Business Investment: A Reappraisal
Equation (3)
π
(
p
I
,
p
C
,
x
K
,
x
N
)
=
max
y
I
,y
C
[
p
I
y
I
+
p
C
y
C
:
(
y
I
,
y
C
,
x
K
,
x
N
)
ε
T
:
y
I
,
y
C
≥
0
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqr1ngB PrgifHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0x c9pk0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8fr Fve9Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacqaHap aCdaqadaqaaiaabchadaWgaaWcbaGaaeysaaqabaGccaGGSaGaaeiC amaaBaaaleaacaqGdbaabeaakiaacYcacaqG4bWaaSbaaSqaaiaabU eaaeqaaOGaaiilaiaabIhadaWgaaWcbaGaaeOtaaqabaaakiaawIca caGLPaaacqGH9aqpcaqGTbGaaeyyaiaabIhadaWgaaWcbaGaaeyEam aaBaaameaacaqGjbaabeaaliaabYcacaqG5bWaaSbaaWqaaiaaboea aeqaaaWcbeaakmaadmaabaGaaeiCamaaBaaaleaacaqGjbaabeaaki aabMhadaWgaaWcbaGaaeysaaqabaGccqGHRaWkcaqGWbWaaSbaaSqa aiaaboeaaeqaaOGaaeyEamaaBaaaleaacaqGdbaabeaakiaacQdada qadaqaaiaabMhadaWgaaWcbaGaaeysaaqabaGccaGGSaGaaeyEamaa BaaaleaacaqGdbaabeaakiaacYcacaqG4bWaaSbaaSqaaiaabUeaae qaaOGaaiilaiaabIhadaWgaaWcbaGaaeOtaaqabaaakiaawIcacaGL PaaacqaH1oqzcaqGubGaaiOoaiaabMhadaWgaaWcbaGaaeysaaqaba GccaGGSaGaaeyEamaaBaaaleaacaqGdbaabeaakiabgwMiZkaaicda aiaawUfacaGLDbaaaaa@6EF8@