Skip to content
RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (13)
π
t
=
(
1
−
θ
)
(
1
−
β
θ
)
ν
t
+
(
1
−
θ
)
(
1
−
β
θ
)
θ
(
1
−
ρ
β
)
−
1
∑
s
=
1
∞
ρ
s
ν
t
−
s
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0ZaaeWaaeaacaaIXaaccaGae8Ne I0IaeqiUdehacaGLOaGaayzkaaWaaeWaaeaacaaIXaGae8NeI0ccci Gae4NSdiMaeqiUdehacaGLOaGaayzkaaGaeqyVd42aaSbaaSqaaiaa dshaaeqaaOGaey4kaSYaaSaaaeaadaqadaqaaiaaigdacqWFsislcq aH4oqCaiaawIcacaGLPaaadaqadaqaaiaaigdacqWFsislcqaHYoGy cqaH4oqCaiaawIcacaGLPaaaaeaacqaH4oqCaaWaaeWaaeaacaaIXa Gae8NeI0IaeqyWdiNaeqOSdigacaGLOaGaayzkaaWaaWbaaSqabeaa cqWFsislcaaIXaaaaOWaaabCaeaacqaHbpGCdaahaaWcbeqaaiaado haaaGccqaH9oGBdaWgaaWcbaGaamiDaiab=jHiTiaadohaaeqaaaqa aiaadohacqGH9aqpcaaIXaaabaGaeyOhIukaniabggHiLdGccaGGUa aaaa@6D73@