§3. Impatience Principle B (n(m - 1) Equations)

Impatience Principle B requires that the rates of time preference and of interest shall be equal. This relationship is represented by the same equations as given in Chapter XII, namely:

i' = f1' = f2' =... = fn',
i'' = f1'' = f2'' =... = fn'',
.............
.............
i(m -1) = f1(m-1) = f2(m-1) =... = fn(m-1).

Here are n(m - 1) equations expressing Impatience Principle B.