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Apr. 14th, 2003 04:08 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
pearwaldorfThe economics of Everquest
It amuses me that there's an actual paper (40 pages, even!) on something like this. Hurrah for cultural studies.
The exchange of goods and services in Norrathian PP, inside the game, and U.S dollars, outside, creates an exchange-rate relationship between the two currencies. Based on surveys of these market exchanges, Castronova calculated that one unit of PP was worth a little more than one U.S. penny. That technically makes Norrathian PP a "stronger" currency than the Japanese yen or Italian lira, albeit a thinner and less liquid one.
That's kind of disturbing when you think about it.
It amuses me that there's an actual paper (40 pages, even!) on something like this. Hurrah for cultural studies.
The exchange of goods and services in Norrathian PP, inside the game, and U.S dollars, outside, creates an exchange-rate relationship between the two currencies. Based on surveys of these market exchanges, Castronova calculated that one unit of PP was worth a little more than one U.S. penny. That technically makes Norrathian PP a "stronger" currency than the Japanese yen or Italian lira, albeit a thinner and less liquid one.
That's kind of disturbing when you think about it.
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Date: 2003-04-14 04:31 pm (UTC)