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We improve Stahl's (1996b) model of boundedly rational behavioral rules and rule learning for symmetric normal-form games with unique symmetric Nash equilibria. A player begins with initial propensities on a class of evidence-based behavioral rules, and given experience over time adjusts his/her...

Static theories of firms often fail to explain the tendency toward standardization and de facto monopolization by software and digital product firms. This article examines arguments favored by new economics of information: no market power, increasing returns, and network effects. We evaluate...