Work detail

Oligopoly Markets in Virtual Economy

Author: Bc. Tuan Tran Quang
Year: 2012 - summer
Leaders: PhDr. Ing. Jiří Skuhrovec PhD.
Consultants:
Work type: Bachelors
Language: English
Pages: 48
Awards and prizes:
Link:
Abstract: This work will focus on the virtual World of Warcraft market where mainly I am going to focus my
research on the behavior of monopolists and Oligopolists in this market and then trying to verify their
pricing policy with known microeconomic models. This thesis finds that the behavior of monopolistic
and oligopolistic markets in a virtual economy matches the prediction of standard microeconomic and
that this harmony between theory and observation is, to some extent, even more clear than in the case of
most real markets. Thanks to econometric analysis the empirical verification of the correctness of the
economic game theory and possibly promoting the theory of regulation is another contribution of this
work.
Downloadable: BT Tuan Tran Quang
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