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RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (25)
m
c
t
(
j
)
=
(
γ
+
φ
)
y
t
+
λ
t
+
ε
t
(
j
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyBaiaado gadaWgaaWcbaGaamiDaaqabaGcdaqadaqaaiaadQgaaiaawIcacaGL PaaacqGH9aqpdaqadaqaaGGaaiab=n7aNjabgUcaRiabeA8aQbGaay jkaiaawMcaaiaadMhadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaH 7oaBdaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaH1oqzdaWgaaWcba GaamiDaaqabaGcdaqadaqaaiaadQgaaiaawIcacaGLPaaaaaa@4E73@