Innovation in virtual social networks: the widespread of new electronic currencies and the emergence of a new category of entrepreneurs
AbstractThe internet network hosts an increasing number of large synthetic worlds. These virtual worlds exhibit most of the characters we associate with the real world like interpersonal relationships, economic transactions, production of goods and services, political institutionsâ€¦ Inside these synthetic worlds, new economic behaviours can be studied and new entrepreneurs emerge. By focusing on the widespread of new private electronic currencies, this paper shows first the main benefits for e-money users of entering in a community of payments. Second, the economic behaviour of electronic money (e-money) users and the network externalities effects are studied. Thirdly, the phenomenon of the emergence of a new category of entrepreneurs specialised in e-money creation and the regulation of a new monetary regime are exposed.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Transitions and Innovation Systems.
Volume (Year): 1 (2011)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.inderscience.com/browse/index.php?journalID==160
social networks; e-money; virtual worlds; monetary regimes; Veblen good; clearing houses; digital money; Linden dollar; innovation; electronic currencies; entrepreneurs; entrepreneurship; electronic money; social networking.;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Carol Clark, 2005. "Shopping without cash: the emergence of the e-purse," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 34-51.
- Edward Castronova, 2001. "Virtual Worlds: A First-Hand Account of Market and Society on the Cyberian Frontier," CESifo Working Paper Series 618, CESifo Group Munich.
- Edward Castronova, 2003. "Theory of the Avatar," CESifo Working Paper Series 863, CESifo Group Munich.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.