RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (38)
d
x
t
(
0
:
∞
)
+
δ
t
=
d
M
x
t
|
t
(
0
:
∞
)
−
1
γ
(
ϕ
π
c
x
t
|
t
(
0
:
∞
)
+
ϕ
y
d
x
t
|
t
(
0
:
∞
)
−
c
M
x
t
|
t
(
0
:
∞
)
)
+
δ
t
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