RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge Equation (4)

I t ( j ) = { m c s ( j ) , p s 1 , β , θ , σ ε 2 , σ ν 2 | s t } MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamysamaaBa aaleaacaWG0baabeaakmaabmaabaGaamOAaaGaayjkaiaawMcaaiab g2da9maacmaabaGaamyBaiaadogadaWgaaWcbaGaam4CaaqabaGcda qadaqaaiaadQgaaiaawIcacaGLPaaacaGGSaGaamiCamaaBaaaleaa caWGZbaccaGae8NeI0IaaGymaaqabaGccaGGSaGaeqOSdiMaaiilai abeI7aXjaacYcacqaHdpWCdaqhaaWcbaGaeqyTdugabaGaaGOmaaaa kiaacYcacqaHdpWCdaqhaaWcbaGaeqyVd4gabaGaaGOmaaaakmaaee aabaGaam4CaiabgsMiJkaadshaaiaawEa7aaGaay5Eaiaaw2haaaaa @5BBC@