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.
Quint, Thomas and Shubik, Martin, "On Local and Network Games" (2003). Cowles Foundation Discussion Papers. 1683.