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Recent Developments in Empirical IO: Dynamic Demand and Dynamic Games

  • Victor Aguirregabiria
  • Victor Aguirregabiria
  • Aviv Nevo
  • Aviv Nevo

Empirically studying dynamic competition in oligopoly markets requires dealing with large states spaces and tackling difficult computational problems, while handling heterogeneity and multiple equilibria. In this paper, we discuss some of the ways recent work in Industrial Organization has dealt with these challenges. We illustrate problems and proposed solutions using as examples recent work on dynamic demand for differentiated products and on dynamic games of oligopoly competition. Our discussion of dynamic demand focuses on models for storable and durable goods and surveys how researchers have used the \

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Paper provided by University of Toronto, Department of Economics in its series Working Papers with number tecipa-419.

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Length: 60 pages
Date of creation: 31 Dec 2010
Date of revision:
Handle: RePEc:tor:tecipa:tecipa-419
Contact details of provider: Postal: 150 St. George Street, Toronto, Ontario
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