RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (B11)

N = [ 1 1 × 2 0 0 0 ] + [ 0 [ K L N ] 11 ] + [ 0 0 0 0 0 K 3 ] MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOtaiabg2 da9maadmaabaqbaeqabiGaaaqaaGqabiaa=fdadaWgaaWcbaGaaGym aGGaaiab+Dna0kaaikdaaeqaaaGcbaGaaGimaaqaaiaa=bdaaeaaca WFWaaaaaGaay5waiaaw2faaiabgUcaRmaadmaabaqbaeqabiqaaaqa aiaaicdaaeaadaWadaqaaiaadUeacaWGmbGaamOtaaGaay5waiaaw2 faamaaBaaaleaacaaIXaGaaGymaaqabaaaaaGccaGLBbGaayzxaaGa ey4kaSYaamWaaeaafaqabeGadaaabaGaaGimaaqaaiaaicdaaeaaca aIWaaabaGaaGimaaqaaiaaicdaaeaacaWGlbWaaSbaaSqaaiaaioda aeqaaaaaaOGaay5waiaaw2faaaaa@5268@