RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (B1)
X
t
≡
[
x
t
−
1
|
t
−
1
(
0
:
∞
)
x
t
|
t
(
0
:
∞
)
]
,
X
t
=
W
X
t
−
1
+
[
0
N
]
v
t
W
≡
[
M
0
I
0
]
,
v
t
=
[
ν
t
η
t
δ
t
]
′
.
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