This chapter is organized around three main topics on dynamic games in empirical IO:
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 …