Virtual Worlds, Virtual Economies, Virtual Institutions

Bray, David A.; Konsynski, Benn

doi:10.2139/ssrn.962501

Download This Paper

Open PDF in Browser

Add Paper to My Library

Virtual Worlds, Virtual Economies, Virtual Institutions

Virtual Worlds and New Realities Conference at Emory University, February 2008

34 Pages Posted: 12 Feb 2007 Last revised: 5 Jan 2009

See all articles by David A. Bray

David A. Bray

Institute for Defense Analyses; Harvard University; Emory University - Goizueta Business School; National Defense University; Forbes Ignite; University of Oxford

Benn Konsynski

Emory University - Goizueta Business School

Date Written: November 1, 2006

Abstract

Virtual worlds are now a reality. Virtual worlds such as the growing Second Life and Entropia Universe, allow everyone to create a digital character representing themselves and interact with other computer-generated individuals, landscapes, and even virtually-run global businesses in real-time. Fascinatingly, both endogenously produced economies and social orders are emerging in these virtual worlds.

Keywords: emerging virtual institutions, virtual worlds, augmented reality, augmented group cognition, governance, social orders

JEL Classification: D23, D70, D73, D83

Suggested Citation: Suggested Citation

Bray, David A. and Konsynski, Benn, Virtual Worlds, Virtual Economies, Virtual Institutions (November 1, 2006). Virtual Worlds and New Realities Conference at Emory University, February 2008, Available at SSRN: https://ssrn.com/abstract=962501 or http://dx.doi.org/10.2139/ssrn.962501