This paper looks at the recent discussion on "Lootboxes" by regulators in several countries referring to the case of Japan in the light of business model revolutions. A game-of-chance mechanic which can be found in more and more in digital games to acquire virtual items and to help monetize...

This paper conceptualizes "Gacha", a lottery mechanism to win virtual items, which was developed in Japan, as game of chance elements in mobile games which is used for monetization in freemium business models. Based on the concept of Gacha, referring to previous studies, this paper also analyzes...

Verlagsinfo: Durch verschärfte Standortkonkurrenz und wachsende Kapitalmobilität bzw. Globalisierung der Wirtschaftsbeziehungen haben sich die Wirkungsbedingungen und Herausforderungen der Wirtschaftspolitik verändert. Das Verständnis der Öffentlichkeit für die daraus resultierenden...

In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient...