The purpose of this note is twofold. First, we want to propose an alternative and simpler derivation of the results obtained [above] by E.S. Phelps. Secondly, we want to apply these results to a continuous version of the earlier model on game-equilibrium growth examined by E. S. Phelps and R. A. Pollak.¹

In section I we examine the general properties of the game-equilibrium consumption function using the Hamilton-Jacobi partial differential equation. In section II we apply these results to a model which uses the same pro duction function and utility function as Phelps and Pollak. Finally, in section III, we

EP - 114 PB - Russell Sage Foundation PY - 1975 SN - 9780871546593 SP - 107 T2 - Altruism, Morality, and Economic Theory UR - http://www.jstor.org/stable/10.7758/9781610446792.12 Y2 - 2021/02/27/ ER -