RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (30)

E [ x t + 1 | t + 1 ( 0 : ) | x t | t ( 0 : ) ] M ( x t | t ( 0 : ) ) . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyramaadm aabaacbeGaa8hEamaaDaaaleaacaWG0bGaey4kaSIaaGymamaaeeaa baGaamiDaiabgUcaRiaaigdaaiaawEa7aaqaamaabmaabaGaaGimaG Gaaiab+Pda6iabg6HiLcGaayjkaiaawMcaaaaakmaaeeaabaGaa8hE amaaDaaaleaacaWG0bWaaqqaaeaacaWG0baacaGLhWoaaeaadaqada qaaiaaicdacqGF6aGocqGHEisPaiaawIcacaGLPaaaaaaakiaawEa7 aaGaay5waiaaw2faaiabggMi6oXvP5wqonvsaeHblvNBZrhBLjhitn MCPbhDaGqbbiab91eannaabmaabaGaa8hEamaaDaaaleaacaWG0bWa aqqaaeaacaWG0baacaGLhWoaaeaadaqadaqaaiaaicdacqGF6aGocq GHEisPaiaawIcacaGLPaaaaaaakiaawIcacaGLPaaacaGGUaaaaa@6759@