RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (B2)
X
t
|
t
(
1
)
(
j
)
=
W
X
t
−
1
|
t
−
1
(
1
)
(
j
)
+
K
[
S
t
(
j
)
−
L
W
X
t
−
1
|
t
−
1
(
1
)
(
j
)
]
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