On Local and Network Games
The knowledge constraints and transactions costs imposed by geographical distance, network connections and time conspire to justify local behavior as a good approximation for global rationality. We consider a class of games to illustrate this relationship and raise some questions as to what constitutes a satisfactory solution concept.
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- Stephen Morrs, "undated". ""Contagion''," CARESS Working Papres 97-01, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
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