Skip to content
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
)
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiwamaaDa aaleaacaWG0bWaaqqaaeaacaWG0baacaGLhWoaaeaacaGGOaGaaGym aiaacMcaaaGccaGGOaGaaiOAaiaacMcacqGH9aqpcaGGxbGaaiiwam aaDaaaleaacaWG0baccaGae8NeI0IaaGymamaaeeaabaGaamiDaiab =jHiTiaaigdaaiaawEa7aaqaaiaacIcacaaIXaGaaiykaaaakmaabm aabaGaamOAaaGaayjkaiaawMcaaiabgUcaRiaadUeadaWadaqaaiaa dofadaWgaaWcbaGaamiDaaqabaGcdaqadaqaaiaadQgaaiaawIcaca GLPaaacqWFsislcaWGmbGaam4vaiaadIfadaqhaaWcbaGaamiDaiab =jHiTiaaigdadaabbaqaaiaadshacqWFsislcaaIXaaacaGLhWoaae aadaqadaqaaiaaigdaaiaawIcacaGLPaaaaaGcdaqadaqaaiaadQga aiaawIcacaGLPaaaaiaawUfacaGLDbaaaaa@648B@