This paper lays down the rudiments of a descriptive theory of competition among the digital tech platforms known as … average tendencies of FANGs expose the limitations of the textbook monopoly model (I), proposes an alternative theory of …

, Evolution and Economic Theory; and furthered by Geoffrey Manne and Todd Zywicki in their recent paper titled Uncertainty …, Evolution, and Behavioral Economic Theory. Alchian’s thesis relied on an evolutionary understanding of firms’ activities in the … present work concludes that Alchian’s evolutionary theory does not account for the interpretation that economic actors render …