Virtual Economies: Design and Analysis

Virtual Economies: Design and Analysis was written by Vili Lehdonvirta and Edward Castronova. In this book, authors  the basic concepts of economics—including markets, institutions, and money—can be used to create and analyze economies based on virtual goods.

 Lehdonvirta and Castronova explain how the fundamentals of economics—markets, institutions, and money—can be used to create or analyze economies based on artificially scarce virtual goods. They focus on virtual economies in digital games, but also touch on serious digital currencies such as Bitcoin as well as virtual economies that emerge in social media around points, likes, and followers.

This book can be very useful for people who want to understand the structure of virtual world s’ economies.

Book Information:

  • Publisher ‏ : ‎ The MIT Press; Reprint edition (May 9, 2014)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 306 pages
  • ISBN-10 ‏ : ‎ 0262535068
  • ISBN-13 ‏ : ‎ 978-0262535069

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