Research Discussion Paper – 1974
Equation (24)
W
E
•
=
a
1
X
L
+
a
2
β
W
A
*
+
(
1
−
a
2
β
)
(
P
W
:
E
R
)
e
+
(
a
4
−
a
2
β
)
Q
e
•
+
a
5
(
t
P
e
•
−
t
I
e
•
)
−
(
1
+
a
5
)
t
Y
e
•
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