average tendencies of FANGs expose the limitations of the textbook monopoly model (I), proposes an alternative theory of …This paper lays down the rudiments of a descriptive theory of competition among the digital tech platforms known as … at whether the textbook monopoly model is the appropriate framework to analyze digital markets. It finds that observed …

affects the optimal price/price markup or optimal quantity. A monopoly example is used to show that seemingly strong … uncertainty types can lead to quite special results. Monopoly examples of the newsboy problem type are further used to show that …