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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: 3 Aug 2014

David A. Bray

Harvard University; University of Oxford; National Defense University

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

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

David Bray (Contact Author)

Harvard University ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

University of Oxford

Oxford
United Kingdom

HOME PAGE: http://www.linkedin.com/in/dbray

National Defense University ( email )

Marshall Hall
300 5th Avenue
Washington, DC 20319-5066
United States

Benn Konsynski

Emory University - Goizueta Business School ( email )

1300 Clifton Road
Atlanta, GA 30322-2722
United States

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