Classifying real money trading in virtual world

Nazir, Mohamed, and Lui, Carrie Sui Man (2015) Classifying real money trading in virtual world. In: Proceedings of the Fifteenth International Conference on Electronic Business. pp. 149-159. From: ICEB 2015: Fifteenth International Conference on Electronic Business: internet of things, 6-10 December 2015, Hong Kong, China.

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Abstract

Virtual world activities related to the buying and selling of virtual currency, virtual items, and services with real world money are referred as Real Money Trading (RMT). Although there is a great deal of evidence for the growth of RMT in virtual world, there is also evidence to suggest that many companies are struggling to become involved with RMT. A framework for classifying RMT in virtual world is essential for devising successful virtual business strategies. A key component in the process of formulating the optimal competitive strategy is to understand the unique characteristics of RMT and the implications behind those characteristics. This study aims to propose a classification of RMT based upon the characteristics of products and services, the transaction and marketplace, as well as the currency and exchange systems.

Item ID: 43138
Item Type: Conference Item (Research - E1)
ISSN: 1683-0040
Related URLs:
Date Deposited: 17 Mar 2016 03:26
FoR Codes: 08 INFORMATION AND COMPUTING SCIENCES > 0806 Information Systems > 080610 Information Systems Organisation @ 0%
08 INFORMATION AND COMPUTING SCIENCES > 0806 Information Systems > 080609 Information Systems Management @ 100%
SEO Codes: 89 INFORMATION AND COMMUNICATION SERVICES > 8902 Computer Software and Services > 890203 Computer Gaming Software @ 100%
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