RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (51)
p
t
∗
(
j
)
=
(
1
−
θ
β
)
ε
t
(
j
)
+
(
1
−
θ
)
−
1
c
x
t
|
t
(
1
:
∞
)
(
j
)
+
p
t
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiCamaaDa aaleaacaWG0baabaGaey4fIOcaaOWaaeWaaeaacaWGQbaacaGLOaGa ayzkaaGaeyypa0ZaaeWaaeaacaaIXaaccaGae8NeI0IaeqiUdeNaeq OSdigacaGLOaGaayzkaaGaeqyTdu2aaSbaaSqaaiaadshaaeqaaOWa aeWaaeaacaWGQbaacaGLOaGaayzkaaGaey4kaSYaaeWaaeaacaaIXa Gae8NeI0IaeqiUdehacaGLOaGaayzkaaWaaWbaaSqabeaacqWFsisl caaIXaaaaGqabOGaa43yaiaa+HhadaqhaaWcbaGaamiDamaaeeaaba GaamiDaaGaay5bSdaabaWaaeWaaeaacqWFXaqmcqWF6aGocqGHEisP aiaawIcacaGLPaaaaaGcdaqadaqaaiaadQgaaiaawIcacaGLPaaacq GHRaWkcaWGWbWaaSbaaSqaaiaadshacqWFsislcaaIXaaabeaaaaa@618C@