Virtual Economies
Design and Analysis
$87.63
- Paperback
306 pages
- Release Date
9 May 2014
Summary
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 game items. But behind every virtual sale, there is a virtual economy, simple or complex. In this book, Vili Lehdonvirta and Edward Castronova introduce the basic concepts of economics into the game dev…
Book Details
| ISBN-13: | 9780262535069 |
|---|---|
| ISBN-10: | 0262535068 |
| Author: | Vili Lehdonvirta, Edward Castronova |
| Publisher: | MIT Press Ltd |
| Imprint: | MIT Press |
| Format: | Paperback |
| Number of Pages: | 306 |
| Release Date: | 9 May 2014 |
| Weight: | 482g |
| Dimensions: | 229mm x 178mm x 13mm |
| Series: | Information Policy |
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Critics Review
Many professors and independent readers will choose to supplement this book’s information with reading packets and online resources, but Virtual Economies could easily stand alone in any context. Highly recommended.
—Curtis Frye, Technology and SocietyAbout The Author
Vili Lehdonvirta
Vili Lehdonvirta is a Research Fellow at Oxford Internet Institute, University of Oxford.Edward Castronova is Professor of Communications and Professor of Cognitive Science at Indiana University. He is the author of Synthetic Worlds- The Business and Culture of Online Games and Exodus to the Virtual World- How Online Fun Is Changing Reality.
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