Similar Search Results

Real economics in virtual worlds: a massively multiplayer online game case study: runescape

Bilir, Tanla E. - 2009

-playing game, RuneScape. In particular, it examines the similarities and differences between the virtual economics and real world … economics, the economic understanding of RuneScape players and the possibility of using virtual worlds as a laboratory for …-reports, and other reports to investigate the research questions. Virtual economics in general and RuneScape in specific are …

Persistent link: https://www.econbiz.de/10009476011

Truck, barter and exchange versus the endowment effect: virtual field experiments in an online game environment.

Munro, Alistair; Ferreira De Sousa, Yannick - 2008

We examine the feasibility of using a massively multiplayer online role-playing game (MMORPG) to test economic theories …

Persistent link: https://www.econbiz.de/10015261962

Une nouvelle réflexion sur la valeur économique du temps : les notions d’effort et de pénibilité

Keita, Moussa - 2024

Since the 17th century, the question of the economic valuation of time (in particular the working time) has been at the center of debates among economists, from classicists to neoclassicists, Marxists to contemporary schools of thought. Today, with the advent of the digital age, characterized by...

Persistent link: https://www.econbiz.de/10015214060

Consumer theory with bounded rational preferences

Gerasimou, Georgios - 2009

The neoclassical consumer maximizes utility and makes choices by completely preordering the feasible alternatives and weighing when indifferent. The consumer studied in this paper chooses by weighing when indifferent and also when indecisive, without necessarily preordering the alternatives or...

Persistent link: https://www.econbiz.de/10015219093

Demand for Meat; Seprability and Structural changes (A Nonparametric Analysis)

Aziz, Babar; Shahnawaz, Malik - 2005

This study provides information on the structure of the consumer demand for meat group (1950-51 to 2004-2005) in Pakistan. Nonparametric tests were used on the data set to check the consistency of the data with the theory of revealed preferences, e.g. the Afriat inequalities, GARP and the...

Persistent link: https://www.econbiz.de/10015221782

Rational indecisive choice

Gerasimou, Georgios - 2010

This paper proposes and characterises two preference-based choice rules that allow the decision maker to choose nothing if the criteria associated with them are satisfied by no feasible alternative. Strict preferences are primitive in the first rule and weak preferences in the second. Each of...

Persistent link: https://www.econbiz.de/10015223438

Market Myths in Contemporary Economics

Punabantu, Siize - 2010

This paper elaborates on the economic operating system (EOS) the role it can play in growth. It focuses on markets, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth, stability and safety. This paper delves into market...

Persistent link: https://www.econbiz.de/10015223454

Market Myths in Contemporary Economics

Punabantu, Siize - 2010

Persistent link: https://www.econbiz.de/10015223546

Preferences over Consumption and Status

Vostroknutov, Alexander - 2007

In many models of interdependent preferences the payoffs have not only personal value but also enter the social part of the utility. This duality creates a problem of distinguishing what influences the choice more: consumption or social concerns. To identify what drives the behavior it is...

Persistent link: https://www.econbiz.de/10015223722

Производство, потребление и медиа: к постановке модели трехстороннего рынка

Vartanov, Sergey - 2020

. A wide body of literature on economic theory is devoted to the analysis of industrial goods markets with the possibility of advertising influence on demand. However, these models do not view media as industry entities with their own strategic goals and objectives. On the other hand, the main...

Persistent link: https://www.econbiz.de/10015227136