Price Elasticity in Video Game Economics

Video game economies, or virtual economies, obey many of the same rules as real world economies. They are driven largely by scarcity, and the price of items is determined by market forces. Larger in-game economies even have managers who act as the ‘government’, enforcing new rules and regulations regarding the supply of money (usually virtual gold) to the market. There are, however, several crucial points … Continue reading Price Elasticity in Video Game Economics