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RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (5)
m
c
t
(
j
)
=
m
c
t
+
ε
t
(
j
)
ε
t
(
j
)
∼
Ν
(
0
,
σ
ε
2
)
∀
j
∈
(
0
,
1
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGTb Gaam4yamaaBaaaleaacaWG0baabeaakmaabmaabaGaamOAaaGaayjk aiaawMcaaiabg2da9iaad2gacaWGJbWaaSbaaSqaaiaadshaaeqaaO Gaey4kaSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaOGaaiikaiaadQga caGGPaaabaGaeqyTdu2aaSbaaSqaaiaadshaaeqaaOWaaeWaaeaaca WGQbaacaGLOaGaayzkaaaccaGae8hpI4hcciGae4xNd40aaeWaaeaa caaIWaGaaiilaiabeo8aZnaaDaaaleaacqaH1oqzaeaacaaIYaaaaa GccaGLOaGaayzkaaGaeyiaIiIaamOAaiabgIGiopaabmaabaGaaGim aiaacYcacaaIXaaacaGLOaGaayzkaaGaaiOlaaaaaa@5CB7@