Virtual economies : design and analysis

Virtual economies : design and analysis /

How the basic concepts of economics--including markets, institutions, and money--can be used to create and analyze economies based on virtual goods. In the twenty-first-century digital world, virtual goods are sold for real money. Digital game players happily pay for avatars, power-ups, and other ga...

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Bibliographic Details
Main Author: Lehdonvirta, Vili
Other Authors: Castronova, Edward
Format: Electronic eBook
Language:English
Published: Cambridge, MA : MIT Press, 2014.
Series:Information policy series.
Subjects:
Video games.
Shared virtual environments > Economic aspects.
Virtual reality > Economic aspects.
Computer-aided design.
Electronic games.
Shared virtual environments.
Virtual reality.
INFORMATION SCIENCE/Internet Studies
GAME STUDIES/General
ECONOMICS/General
Electronic books.
Online Access:Connect to this title online (unlimited users allowed)
Table of Contents:
  • Series foreword
  • Acknowledgements
  • Introduction
  • Theories of human behavior
  • Goods : material, digital, virtual types of goods
  • Supply and demand
  • Regulating markets
  • Market power and pricing
  • Methods of exchange
  • Externalities and secondary market trade
  • Institutions and non-market allocation
  • Money
  • Macroeconomic design
  • Macroeconomic management
  • Policy making
  • Why the real world needs virtual economy design
  • Notes
  • References
  • Index.

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