RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (9)

m c t ( k ) = m c t : k = 0 , 1 , 2.... . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyBaiaado gadaqhaaWcbaGaamiDaaqaamaabmaabaGaam4AaaGaayjkaiaawMca aaaakiabg2da9iaad2gacaWGJbWaaSbaaSqaaiaadshaaeqaaOGaai OoaiaadUgacqGH9aqpcaaIWaGaaiilaiaaigdacaGGSaGaaGOmaiaa c6cacaGGUaGaaiOlaiaac6cacqGHEisPcaGGUaaaaa@4AB8@