Virtual Economics: Applying Economics to the Study of Game Worlds

(2005)

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Abstract

Complex computer games, especially massively multiplayer online games, contain narrative and mechanisms that mimic real economic activities, such as production, trade, and consumption. This has prompted some scholars to apply concepts and techniques from economics to study the complicated interactions inside games worlds. In this paper I review their work, attempt to argue why the approach has merit, and examine its limits and possibilities. In the final part I suggest a possible new avenue, using transaction cost economics to analyse and influence the size and composition of player guilds.

@inproceedings{lehdonvirta2005, abstract = {Complex computer games, especially massively multiplayer online games, contain narrative and mechanisms that mimic real economic activities, such as production, trade, and consumption. This has prompted some scholars to apply concepts and techniques from economics to study the complicated interactions inside games worlds. In this paper I review their work, attempt to argue why the approach has merit, and examine its limits and possibilities. In the final part I suggest a possible new avenue, using transaction cost economics to analyse and influence the size and composition of player guilds.}, address = {Michigan State University}, author = {Lehdonvirta, Vili }, booktitle = {Proceedings of Future Play}, citeulike-article-id = {1558028}, keywords = {economics, guilds, mmorpg, virtualworlds}, posted-at = {2007-08-13 15:54:07}, priority = {3}, title = {Virtual Economics: Applying Economics to the Study of Game Worlds}, url = {http://virtual-economy.org/bibliography/lehdonvirta\_vili/2005/virtual\_economics\_applying\_economics\_to\_the\_study\_of\_game\_worlds}, year = {2005} }

RIS record

TY - CONF ID - lehdonvirta2005 L3 - citeulike-article-id:1558028 TI - Virtual Economics: Applying Economics to the Study of Game Worlds T2 - Proceedings of Future Play AD - Michigan State University N2 - Complex computer games, especially massively multiplayer online games, contain narrative and mechanisms that mimic real economic activities, such as production, trade, and consumption. This has prompted some scholars to apply concepts and techniques from economics to study the complicated interactions inside games worlds. In this paper I review their work, attempt to argue why the approach has merit, and examine its limits and possibilities. In the final part I suggest a possible new avenue, using transaction cost economics to analyse and influence the size and composition of player guilds. KW - economics KW - guilds KW - mmorpg KW - virtualworlds AU - Lehdonvirta, Vili PY - 2005/// UR - http://virtual-economy.org/bibliography/lehdonvirta_vili/2005/virtual_economics_applying_economics_to_the_study_of_game_worlds ER -

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