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Why Economists Love Video Games

The billion-dollar business of selling virtual goods in free-to-play games is more than just a financial windfall for companies like Playfish. A controlled economy with millions of active participants gives economists an entirely new way to model consumer behaviour.


January 12, 2009
Uncategorized

IRS Official Recommends Policy on Virtual World Transactions

The IRS’ taxpayer advocate has suggested the agency take a proactive posture toward real money transactions (RMT) in virtual worlds. “Proactive posture,” in IRS speak, means “tax it.”