Dynamic Games in Empirical Industrial Organization

  title={Dynamic Games in Empirical Industrial Organization},
  author={Victor Aguirregabiria and Allan Collard-Wexler and Stephen P. Ryan},
This survey is organized around three main topics: models, econometrics, and empirical applications. Section 2 presents the theoretical framework, introduces the concept of Markov Perfect Nash Equilibrium, discusses existence and multiplicity, and describes the representation of this equilibrium in terms of conditional choice probabilities. We also discuss extensions of the basic framework, including models in continuous time, the concepts of oblivious equilibrium and experience-based…