Toward a Better Understanding of The Virtual Economy Platforms

Authors

Mohamed Nazir, James Cook University, AustraliaFollow
Carrie Lui, James Cook University, AustraliaFollow
John R. Hamilton, James Cook University, Cairns, AustraliaFollow

Document Type

Article

Abstract

Understanding the virtual world (VW) platforms, the virtual currency (v-currency) exchange rate, and the marketplace is critical to the success of the virtual economy (v-economy). However, the current knowledge on VW platforms, marketplace, and currency exchange rate is incomplete. Drawing on the v-economy dimensions, this study proposes a diagram that produces a suitable integration of dimensions, which provides high chances of improving the v-economy activities in the VW. The finding indicates that there are three dimensions that could integrate together to improve a v-economy platform, and these are a dynamic platform, a free currency exchange rate, and a free marketplace.

Recommended Citation

Nazir, Mohamed; Lui, Carrie; and Hamilton, John R., "Toward a Better Understanding of The Virtual Economy Platforms" (2016). ICEB 2016 Proceedings (Xiamen, China). 12.
https://aisel.aisnet.org/iceb2016/12