RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (40)
E
[
m
c
t
(
j
)
|
I
t
(
j
)
]
≡
(
γ
+
φ
)
E
[
y
t
|
I
t
(
j
)
]
+
ω
t
(
j
)
.
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