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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Year of publication:	2003-05
Authors:	Quint, Thomas ; Shubik, Martin
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Local games \| Network games \| Advertising

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is None Number 1414 23 pages
Classification:	C72 - Noncooperative Games ; D43 - Oligopoly and Other Forms of Market Imperfection ; D89 - Information and Uncertainty. Other ; M39 - Marketing and Advertising. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005762553