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Purchasing Power Parities and Real Expenditures
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... Finally, we discuss the policy environment in which online intermediaries operate. We furthermore validate that the liability regime set out in the EU e-commerce Directive is an important factor supporting the role online intermediaries are playing and the activities they are enabling. Indeed, the o ...
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** Complementary Credit Networks and Macro-Economic Stability * * uses data from a Swiss barter network to argue that large scale internet barter helps to stabilize the business cycle. My paper was recently invited for a 2nd presentation to the Central Bank of Brazil, and is in the
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NBER WORKING PAPER SERIES ESTIMATING REAL PRODUCTION AND EXPENDITURES ACROSS NATIONS:
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Virtual economy

Money changers redirects here. For other uses, see Financial trading.A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual persistent world, usually exchanging virtual goods in the context of an Internet game. People enter these virtual economies for recreation and entertainment rather than necessity, which means that virtual economies lack the aspects of a real economy that are not considered to be ""fun"" (for instance, avatars in a virtual economy often do not need to buy food in order to survive, and usually do not have any biological needs at all). However, some people do interact with virtual economies for ""real"" economic benefit.Despite primarily dealing with in-game currencies, this term also encompasses the selling of virtual currency for real money.
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