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RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (23)
i
t
=
ϕ
π
π
t
+
ϕ
y
y
t
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyAamaaBa aaleaacaWG0baabeaakiabg2da9iabew9aMnaaBaaaleaacqaHapaC aeqaaOGaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaey4kaSIaeqy1dy 2aaSbaaSqaaiaadMhaaeqaaOGaamyEamaaBaaaleaacaWG0baabeaa kiaac6caaaa@467D@