Book: Virtual Economies: Design and Analysis by V. Lehdonvirta and E. Castronova now available
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From Information Policy. By Vili Lehdonvirta and Edward Castronova. 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.
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