The economics of online gaming : player's introduction to economic thinking.

Format:

Book

Author/Creator:

Wagner, Andrew, author.

Language:

English

Subjects (All):

Video games.

Physical Description:

1 online resource (203 pages)

Edition:

1st ed.

Place of Publication:

New York, New York : Business Expert Press, [2020]

Summary:

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.

Contents:

Cover

The Economics of Online Gamming: A Player's Introduction to Economic Thinking

Contents

Preface

Introduction

PART I: The Market

CHAPTER 1: Hunting Rabbits, Picking Flowers

CHAPTER 2: RIVA

PART II: A New Guild

CHAPTER 3: RICH Is Born

CHAPTER 4: The Dying Ember

CHAPTER 5: Join Guild RICH

PART III: The Rise of RICH

CHAPTER 6: Market War I

CHAPTER 7: The Guild Party

CHAPTER 8: The Wal-Mart of Eternal Lands

CHAPTER 9: The Crafting Market Collapse

CHAPTER 10: The RICH Effect

CHAPTER 11: Market War II

CHAPTER 12: Market War III

PART IV: The Game Changes

CHAPTER 13: Cooldown

CHAPTER 14: The Emerald Valley Trade Route

CHAPTER 15: Hydrogenium

CHAPTER 16: Broken and Rebuilt

CHAPTER 17: The New Eternal Lands

APPENDIX A: Who Is Mr.Mind?

APPENDIX B: Concepts by Chapter

Glossary

Bibliography

About the Author

Index

Ad Page

Back Cover.

Notes:

Description based on print version record.

ISBN:

9781948580922

1948580926

OCLC:

1141502184