The Economics of Online Gaming covers basic economic concepts, unique economic issues, and general economic themes. This book is made from the connections that the author saw when he compared his experience inside a video game with what he learned through a formal study of economic theory. Set in the Massively Multiplayer Online Role-Playing Game (MMORPG) of Eternal Lands, it follows the true story of Mr. Mind, a gamer who builds a business inside the game world that he calls RICH. This business grows from a small start-up to an unregulated natural monopoly that abuses its market power by intentionally losing money to drive competitors out of business. RICH becomes so influential that it breaks the market process with a unique case of regulatory capture. Through this story, the book demonstrates how economic thinking is absorbed by experimenting inside an online video game. The Economics of Online Gaming covers basic economic concepts, unique economic issues, and general economic themes. Each of these topics begins with the context of a story and continues with an explanation of the economic theory behind it, finishing with a relevant real-world connection. It supports economic theory in an emotional way that cannot be shared through math or charts or graphs. Appendix B provides a comprehensive outline of ideas for teaching and discussion in each chapter.
Collected Papers of the International interdisciplinary conference ‘‘Real Life and the Real Economics’’ There are many insoluble paradoxes in the advanced and technologically driven 21st century. One of these cornerstone mysteries is the factual history of business, economics, and even day-to-day technologies. If it is considered that ''money rules the world,'' then why, is it the case, there is no single reasonable idea, how and where money came from? What was the progression of metamorphosis and transformations that allowed impersonal pieces of paper and electronic signals to become today the central exchange equivalent? There is no history of business, history of economy or history of human civilization. These categories simply do not exist as a reflection of scientifically established knowledge of laws. Many researchers, treading the pathway of obstacles derived from false data, simply give up in hopelessness. ''Business is business!'' is the verdict—a multifaceted conclusion and restless justification of why some suffer severe punishment for things that are authorized to others. These phenomena, these elements of our lives, did not arise ''on their own.'' Everything has its history, its consistent tendency and its course of evolution. Business and its configuration were developed, designed, and commissioned by some on a global level. Who, in this case, is more competent to answer recurring questions about the true essence of business and economy? Certainly, immediate ''architects'' or creators. Unfortunately, the beginning and escalation of business took place several centuries ago, and it is not possible to find an architect and address to him any articulate questions. Nevertheless, we can bring together leading scholars, experts and practitioners from different fields of science and other spheres who have dedicated their professional activities to solving concrete business problems and untangling the oxymorons prevalent in the field. The International Interdisciplinary Conference "Real Life and Real Economics", united leading scholars, experts, practitioners, financial journalists and thinkers for the discussion on 6 different online panels, where the following questions were discussed: 1) History of business, technological history of our civilization, contradictions, distortions and invented stories. 2) Self-deception as the foundation of the modern world in Baudrillard's philosophy. 3) Origins of business consultants and the security field. 4) "Business heroes" of different times. 5) Origins of business construction elements (human resources, marketing, etc.) 6) People and consumer society (Baudrillard), the place of a person in consumer society. 7) Examples of contradictions in the history of business and technological history. 8) What is the formula of a business? (Which sciences compose it). 9) Where we are at? Who controls the rate of change in industries? 10) How long will consumer society last? Could the ongoing consequences of the pandemic cease its existence? 11) Modern science and pre-modern science. Why are scholars of the XVI-XIX centuries no less inferior but in many ways superior to modern scholars? How do we explain this? 12) What is the mystery of the scientific origins of economics and business.
First published in 1944, this book, co-written by an economist & a mathematician, conceived a groundbreaking theory of economic & social organisation based on a theory of games of strategy. The result was a revolution in economics & game theory has since emerged as a major tool of analysis in many other fields.
This book brings together the joint work of Drew Fudenberg and David Levine (through 2008) on the closely connected topics of repeated games and reputation effects, along with related papers on more general issues in game theory and dynamic games. The unified presentation highlights the recurring themes of their work.
Many people have great ideas. Without the necessary skills and means most never get to realize them. If they could cooperate with competent firms and entrepreneurs together both could achieve much and this is increasingly happening. Mechanisms are being established making a division of labour between inventors and implementers a reality. This is changing the nature of innovation from an internal R&D, or purely entrepreneurial attempt, to a more cooperative innovation. An Idea Economy emerges, where anyone has the possibility to profit from their ideas, and everyone will benefit from more and better innovation. This book presents us the emergence and structure of the Idea Economy by extending the seminal concepts of Entrepreneurial Society and Open Innovation. Part I describes the big picture on how innovation is evolving, where we are today, and what an Idea Economy will look like. Part II points the way forward, discussing in detail on how cooperation in the innovation process works, and why this is only recently becoming possible.
This book constitutes the refereed proceedings of the Second International Workshop on Internet and Network Economics, WINE 2006, held in Patras, Greece in December 2006. It contains 32 papers that contain foundational and mathematical work for solving problems in internet technologies, grid computing, network communication protocols, as well as social economic issues in virtual communities enabled through the World Wide Web.
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
Readers gain a strong understanding of economic principles with the hundreds of lively examples found in McEachern's ECONOMICS: A CONTEMPORARY INTRODUCTION, 11E. This book draws on familiar life experiences to help explain economic concepts, choices, institutions, and events. Interesting case studies, the latest research findings, and focused examples offer genuine insight into how economic principles work in today's world. A friendly writing style is enhanced by learning features that make the material clear and more direct. Understandable graphs and exhibits include captions that summarize key points for review, color-coded curves, and helpful labels for clarification. More challenging graphs in the book are built one step at a time. ECONOMICS: A CONTEMPORARY INTRODUCTION, 11E emphasizes how a solid understanding of economics impacts professional and personal success. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
This book is an attempt to bring closer the greater vision of the development of Social Informatics. Social Informatics can be de?ned as a discipline of informatics that studies how information systems can realize social goals, use social concepts, or become sources of information about social phenomena. All of these research directions are present in this book: fairness is a social goal; trust is a social concept; and much of this book bases on the study of traces of Internet auctions (used also to drive social simulations) that are a rich source of information about social phenomena. The book has been written for an audience of graduate students working in the area of informatics and the social sciences, in an attempt to bridge the gap between the two disciplines. Because of this, the book avoids the use of excessive mathematical formalism, especially in Chapter 2 that attempts to summarize the theoretical basis of the two disciplines of trust and fa- ness management. Readers are usually directed to quoted literature for the purpose of studying mathematical proofs of the cited theorems.
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Readers gain a strong understanding of microeconomic principles with the hundreds of lively examples found in McEachern's MICROECONOMICS: A CONTEMPORARY INTRODUCTION, 11E. This book draws on familiar life experiences to help explain microeconomic concepts, choices, institutions, and events. Interesting case studies, the latest research findings, and focused examples offer genuine insight into how microeconomic principles work in today's world. A friendly writing style is enhanced by learning features that make the material clear and more direct. Understandable graphs and exhibits include captions that summarize key points, color-coded curves, and helpful labels for clarification. MICROECONOMICS: A CONTEMPORARY INTRODUCTION, 11E emphasizes how a solid understanding of microeconomics can enhance your professional and personal success. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
From the perspective of the philosophy of science, this book analyzes the Internet conceived in a broad sense. It includes three layers that require philosophical attention: (1) the technological infrastructure, (2) the Web, and (3) cloud computing, along with apps and mobile Internet. The study focuses on the network of networks from the viewpoint of complexity, both structural and dynamic. In addition to the scientific side, this volume considers the technological facet and the social dimension of the Internet as a novel design. There is a clear contribution of the Internet to science: first, the very development of the network of networks requires the creation of new science; second, the Internet empowers scientific disciplines, such as communication sciences; and third, the Internet has fostered a whole new emergent field of data and information. After the opening chapter, which offers a series of keys to the book, there are nine chapters, grouped into four parts: (I) Configuration of the Internet and Its Future, (II) Structural and Dynamic Complexity in the Design of the Internet, (III) Internal and External Contributions of the Internet, and (IV) The Internet and the Sciences. Following this framework, The Internet and Philosophy of Science will be of interest to scholars and advanced students working in philosophy of science, philosophy of technology as well as science and technology studies.