Virtual Economies: Design and Analysis

by Edward Castronova, Vili Lehdonvirta, Vili Lehdonvirta

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0262535068
• ISBN13: 9780262535069
• Release Date: May 2014
• Publisher: MIT Press
• Length: 306 Pages
• Weight: 2.35 lbs.
• Dimensions: 0.7" x 6.0" x 8.9"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher