Results of a massive experiment on virtual currency endowments and money demand.

We use a 575,000-subject, 28-day experiment to investigate monetary policy in a virtual setting. The experiment tests the effect of virtual currency endowments on player retention and virtual currency demand. An increase in endowments of a virtual currency should lower the demand for the currency in...

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Bibliographic Details
Main Authors: Nenad Živić, Igor Andjelković, Tolga Özden, Milovan Dekić, Edward Castronova
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2017-01-01
Series:PLoS ONE
Online Access:http://europepmc.org/articles/PMC5646808?pdf=render