people in the economy and their utilities.

经济系统内的众多相关人和他们的效用
So here we have for simplicity two kinds of people A and B with

但在这里我们只简单地列出AB两种人
utilities given by the log X_1 1 half log

它们的效用函数Ua=㏒X1+1/2㏒X2
It's also people know today what their endowments are and

人们知道他们现在的禀赋同时也了解
they have some idea of what they're going to be tomorrow.

它们在以后将会怎样
They're labor powered today and they're going to be able to work

他们现在掌握劳动力那么他们在以后的
again next year.

时间里仍能重复工作
So the labor endowments are given by for A,

所以对A和B赋予劳动力
and for B.

禀赋
And then they also know that there are two stocks in the

同时他们也知道在金融市场中有两种
economy and they have to anticipate what the dividends

股票并且期望知道它们的股利
are going to be.

产出情况