RDP 8705: The Economics of International Policy Coordination
Equation (2.26)
V
t
=
Max
−
{
(
q
t
−
q
0
)
2
+
μ
π
t
2
}
+
δ
V
t
+
1
{
m
t
,
m
t
+
1
,
..
}
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