RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (A1)
p
t
=
θ
p
t
−
1
+
(
1
−
θ
)
∫
p
t
∗
(
j
)
d
j
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiCamaaBa aaleaacaWG0baabeaakiabg2da9GGaaiab=H7aXjaadchadaWgaaWc baGaamiDaiab=jHiTiaaigdaaeqaaOGaey4kaSYaaeWaaeaacaaIXa Gae8NeI0IaeqiUdehacaGLOaGaayzkaaWaa8qaaeaacaWGWbGaaCja VpaaDaaaleaacaWG0baabaGaey4fIOcaaOWaaeWaaeaacaWGQbaaca GLOaGaayzkaaGaamizaiaadQgacaGGUaaaleqabeqdcqGHRiI8aaaa @4FFB@