RDP 8907: Tax Policy and Housing Investment in Australia Equation

V t = t { P s R s +cπ V s ciV s } e i(s-t) ds+ cV t V t ={ 1/(1c) } t { P s R s + cV s (πi) } e i(s-t) ds MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaqGwb WaaSbaaSqaaGqaaiaa=rhaaeqaaOGaeyypa0Zaa8qCaeaadaGabaqa aiaabcfadaWgaaWcbaGaae4CaaqabaGccaqGsbWaaSbaaSqaaiaabo haaeqaaaGccaGL7baaaSqaaiaa=rhaaeaacqGHEisPa0Gaey4kIipa kiabgUcaRiaabogacqaHapaCcaqGwbWaaSbaaSqaaiaabohaaeqaaO GaeyOeI0YaaiGaaeaacaqGJbGaaeyAaiaabAfadaWgaaWcbaGaae4C aaqabaaakiaaw2haaiaabwgadaahaaWcbeqaaiabgkHiTiaabMgaca WFOaGaae4Caiaa=1cacaqG0bGaa8xkaaaakiaabsgacaqGZbGaa83k aiaabogacaqGwbWaaSbaaSqaaiaabshaaeqaaaGcbaGaaeOvamaaBa aaleaacaqG0baabeaakiabg2da9maaceaabaWaaiGaaeaacaaIXaGa ai4laiaacIcacaaIXaGaeyOeI0Iaae4yaiaacMcaaiaaw2haaaGaay 5EaaWaa8qCaeaadaGacaqaamaaceaabaGaaeiuamaaBaaaleaacaqG ZbaabeaaaOGaay5EaaGaaeOuamaaBaaaleaacaqGZbaabeaakiabgU caRiaabogacaqGwbWaaSbaaSqaaiaabohaaeqaaOGaaiikaGGaaiab +b8aWjab+jHiTiaabMgacaqGPaaacaGL9baaaSqaaiaa=rhaaeaacq GHEisPa0Gaey4kIipakiaabwgadaahaaWcbeqaaiabgkHiTiaabMga caWFOaGaae4Caiaa=1cacaqG0bGaa8xkaaaakiaabsgacaqGZbaaaa a@81EB@