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: Hardcover
• Language: English
• ISBN: 0262027259
• ISBN13: 9780262027250
• Release Date: May 2014
• Publisher: MIT Press
• Length: 294 Pages
• Weight: 1.64 lbs.
• Dimensions: 1.1" x 7.3" x 9.2"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher