have traded to someone whose time preference rate is better suited. My counterparts to (A2.1) and (A2.6) become dV(x)=dPC(x)=F (uje dx and F (ujdu=dV(xjeTO™ (A2.9) and V(x) =PC(x) = J Fewer du. (A2.10) These equations seem the most straightforward reconciliation of the maximand rule, the convergence ax