RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (43)
c
x
t
|
t
(
0
:
∞
)
=
(
1
−
θ
)
(
1
−
β
θ
)
∑
k
=
0
∞
(
1
−
θ
)
k
(
d
x
t
|
t
(
k
:
∞
)
+
1
1
×
2
x
t
|
t
(
k
)
)
+
β
θ
∑
k
=
0
∞
(
1
−
θ
)
k
c
M
x
t
|
t
(
k
+
1
:
∞
)
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