{"product_id":"the-economics-of-online-gaming-a-players-introduction-to-economic-thinking-9781948580915","title":"The Economics of Online Gaming: A Player's Introduction to Economic Thinking","description":"\u003cp\u003e • Author(s): Andrew Wagner\u003cbr\u003e • Publisher: Business Expert Press\u003cbr\u003e • Publisher Imprint: Business Expert Press\u003cbr\u003e • BISAC: Economics - Theory\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eThe Economics of Online Gaming\u003c\/i\u003e covers basic economic concepts, unique economic issues, and general economic themes.\u003c\/b\u003e 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. \u003c\/p\u003e\u003cp\u003eSet 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.\u003c\/p\u003e\u003cp\u003eRICH 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.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Economics of Online Gaming\u003c\/i\u003e 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.\u003c\/p\u003e\u003cp\u003eAppendix B provides a comprehensive outline of ideas for teaching and discussion in each chapter.\u003c\/p\u003e","brand":"Business Expert Press","offers":[{"title":"Paperback","offer_id":45159114047639,"sku":"9781948580915","price":2425.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781948580915.webp?v=1767914001","url":"https:\/\/atlanticbooks.com\/products\/the-economics-of-online-gaming-a-players-introduction-to-economic-thinking-9781948580915","provider":"Atlantic Books","version":"1.0","type":"link"}