RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (42)

m c ^ t ( k ) = ( γ + φ ) y t ( k + 1 ) + λ t ( k ) . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaecaaeaaca WGTbGaam4yaaGaayPadaWaa0baaSqaaiaadshaaeaadaqadaqaaiaa dUgaaiaawIcacaGLPaaaaaGccqGH9aqpdaqadaqaaiabeo7aNjabgU caRiabeA8aQbGaayjkaiaawMcaaiaadMhadaqhaaWcbaGaamiDaaqa amaabmaabaGaam4AaiabgUcaRiaaigdaaiaawIcacaGLPaaaaaGccq GHRaWkcqaH7oaBdaqhaaWcbaGaamiDaaqaamaabmaabaGaam4AaaGa ayjkaiaawMcaaaaakiaac6caaaa@5045@