RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (37)

y t = d x t | t ( 0 : ) + δ t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyEamaaBa aaleaacaWG0baabeaakiabg2da9Gqabiaa=rgacaWF4bWaa0baaSqa aiaadshadaabbaqaaiaadshaaiaawEa7aaqaamaabmaabaGaaGimaG Gaaiab+Pda6iabg6HiLcGaayjkaiaawMcaaaaakiabgUcaRiabes7a KnaaBaaaleaacaWG0baabeaaaaa@4730@