| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29291 |
| 来源ID | Working Paper 29291 |
| Dynamic Games in Empirical Industrial Organization | |
| Victor Aguirregabiria; Allan Collard-Wexler; Stephen P. Ryan | |
| 发表日期 | 2021-09-27 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | 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 equilibrium, and dynamic games where firms have non-equilibrium beliefs. In section 3, we first provide an overview of the types of data used in this literature, before turning to a discussion of identification issues and results, and estimation methods. We review different methods to deal with multiple equilibria and large state spaces. We also describe recent developments for estimating games in continuous time and incorporating serially correlated unobservables, and discuss the use of machine learning methods to solving and estimating dynamic games. Section 4 discusses empirical applications of dynamic games in IO. We start describing the first empirical applications in this literature during the early 2000s. Then, we review recent applications dealing with innovation, antitrust and mergers, dynamic pricing, regulation, product repositioning, advertising, uncertainty and investment, airline network competition, dynamic matching, and natural resources. We conclude with our view of the progress made in this literature and the remaining challenges. |
| 主题 | Econometrics ; Industrial Organization |
| URL | https://www.nber.org/papers/w29291 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586965 |
| 推荐引用方式 GB/T 7714 | Victor Aguirregabiria,Allan Collard-Wexler,Stephen P. Ryan. Dynamic Games in Empirical Industrial Organization. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29291.pdf（981KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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