RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (15)

C t = ( 0 1 C t ( j ) ϑ 1 ϑ d j ) ϑ ϑ 1 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qamaaBa aaleaacaWG0baabeaakiabg2da9maabmaabaWaa8qmaeaacaWGdbWa aSbaaSqaaiaadshaaeqaaOWaaeWaaeaacaWGQbaacaGLOaGaayzkaa WaaWbaaSqabeaadaWcaaqaaiabeg9akHGaaiab=jHiTiaaigdaaeaa cqaHrpGsaaaaaaqaaiaaicdaaeaacaaIXaaaniabgUIiYdGccaWGKb GaamOAaaGaayjkaiaawMcaamaaCaaaleqabaWaaSaaaeaacqaHrpGs aeaacqaHrpGscqWFsislcaaIXaaaaaaaaaa@4EC6@