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VARIABLES
En 'Expectation of the utility function';
POSITIVE VARIABLES
' cash period O ' ,
' cash period 1 ' ,
'cash period 2 ',
'cash period 3 ' ,
'cash period 4',
'cash period S ',
'cash period 6'.
' cash period 7 ' ,
'cash period 8',
'assecs period O *,
'assets period 1' ,
'assecs period 2 ' ,
'assets period 3 ',
'assets period 4',
'assets period 5 ' ,
'assets period 6'.
'assets period 7',
'assets period 8',
'surplus, final period',
'deficit, final periodl ' ;
CART(MS)
U (MS,MS,MS,MS,MS,LISl ' su,rplus, final period ' ,
V (MS,MS,HS,?!S,MS,MS) 'deficit, final period';
SQUATIONS
OBZECT I'uT
a;lLF-O
LBALF-1 (MS
BAL?-2 (MS,MS)
3X.F-3 (KS,MS,MS)
W?,4(MS,MS,MS,MSl
9ÀLF,S(K,MS,MS,MS,MS)
=F-6 (MS,MS,Mç,MS,MS,MS)
* EXF-7(MS,.MS,MS,KS,MS,MS,MS)
'ccmpuces (expected utilityl ' .
'Balance of Financial Flows period 0',
'Balance of Financial Flows period 1'.
'Balance of Financial Flows period 2', 'Balance of Financial Flows period 3',
'Elalance of Financial Flows period 4'.
'Elalance of Financial Flows period 5', 'aalance of Financial Flows period 6'.
'Balance of Financial Flows pesiod 7',
* 3;liF-8(MS,MS,MS,MSl.*LS,MS,MS.MS)
compti (MS , MS , MS, MS, MS, Ms, ?S, MS)
'Balance of Financial Flows period 9'.
' surplus and def ici t , final period ' ;
COMPW(MS,~S,.?lS,MS,MS,MS)