Conference Proceeding Article
This study investigates the monetary value of time spent in virtual worlds in the context of 24 most popular MMORPGs Building on classic economic theory, we approach this issue through a combination of theoretical modeling, experiment, and cross-sectional time series data analysis. Our findings suggest that intensive social networking and flatter social hierarchy structures are associated with lower monetary value of time spent in-game. Further, two opposite network effects on the monetary value of in-game time spent were observed. One is the positive network effect from the active user base, the other is the negative network effect from the intensity of social networking Both are strengthened by steeper social hierarchy structures The implication is that social networking and hierarchy structure can be two effective angles for game developers or policy makers to address the issue of real-money trading of virtual goods
Computer Sciences | E-Commerce
Information Systems and Management
Proceedings of the 43rd Annual Hawaii International Conference on System Sciences: 5-8 January, 2010, Koloa, Kauai, Hawaii
IEEE Computer Society
City or Country
QIU-HONG WANG and Mayer-Schonberger, Viktor.
The Monetary Value of Virtual Goods: An Exploratory Study In MMORPGs. (2010). Proceedings of the 43rd Annual Hawaii International Conference on System Sciences: 5-8 January, 2010, Koloa, Kauai, Hawaii. 3670-3680. Research Collection School Of Information Systems.
Available at: http://ink.library.smu.edu.sg/sis_research/3221
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