RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (44)

c = a D + b [ 0 c M 0 0 c M c M 0 ] MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbaGaa83yai aa=1daieqacaGFHbacbiGaa0hraiaa9TcacaGFIbWaamWaaeaafaqa beabeaaaaaqaaiaaicdaaeaacaGFJbGaamytaaqaaaqaaaqaaiaaic daaeaacaaIWaaabaGaa43yaiaad2eaaeaaaeaacqWIUlstaeaaaeaa cqWIXlYtaeaacaGFJbGaamytaaqaaaqaaiablAcilbqaaiablAcilb qaaiaaicdaaaaacaGLBbGaayzxaaaaaa@4B24@