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- Making real
money in
virtual
worlds:
MMORPGs and
emerging
business
opportunities,
challenges and
ethical
implications
in metaverses: Technological
Forecasting
and Social
Change, Vol.
In Press,
Corrected
ProofToday,
millions of
people from
around the
globe play
online role
playing games
(MMORPG), in
which a large
number of
players
interact with
one another in
a virtual
world, either
using their
existing
identities in
the physical
world, or more
often than
not, through
new virtual
identities
that might not
even be
remotely
linked to the
identities of
the players in
the physical
world. The
number of
users is
growing at an
exponential
rate and we
are probably
on the verge
of a new
development
that is going
to be as
significant as
the Internet
itself. This
positioning
paper will
discuss the
business
opportunities
and challenges
of such a
virtual world,
that of Second
Life, and will
examine the
resultant
corporate
social
responsibility
implications
focusing on
the ethical
and
policy-related
ones. This
will help to
identify
important
research
questions that
need to be
systematically
addressed.
Source: Technological Forecasting and Social Change, Vol. In Press, Corrected Proof - The
contributions
of John Money:
a personal
view.: J Sex Res,
Vol. 40, No.
3. (August
2003), pp.
230-236.John
Money has been
a dominant
voice in
sexology in
the last part
of the 20th
century,
breaking new
ground in a
wide variety
of areas. In
the process,
he has been
cantankerous,
outspoken, and
ever willing
to do battle,
but also
original and
thought
provoking.
This paper
begins with an
examination of
science in
general, moves
on to
psychology and
sexology, and
then examines
Money s
contributions
to sexology in
some detail.
The latter are
many and
varied,
including the
development of
the concept of
gender, his
theory of
gender
identity based
on his work
with intersex
individuals,
the John-Joan
case, and his
importance in
establishing
transsexualism
as a
diagnostic
category and
an academic
discipline.
Also important
are his
contributions
to the
development of
the
nomenclature
of sexology,
his importance
to the
sexology
movement as a
teacher, his
significant
research on a
large variety
of sexual
topics, his
ability to
convince
government
agencies that
sex was
deserving of
funding, and
his
association
with the
Erickson
Educational
Foundation. He
also was a
significant
figure in the
development of
the Society
for the
Scientific
Study of
Sexuality
(SSSS) and in
raising the
standard of
its journal
(The Journal
of Sex
Research), and
therefore it
is only
fitting that
an award be
named after
him. Though
Money remains
controversial,
he has
contributed
significantly
to the
development of
sexology as a
discipline.
Source: J Sex Res, Vol. 40, No. 3. (August 2003), pp. 230-236. - Gold, Fiat and
Credit. An
Elementary
Discussion of
Commodity
Money, Fiat
Money and
Credit: Social Science
Research
Network
Working Paper
Series (April
2004)In this
paper we
present a
series of
models, all
within the
context of a
simple
two-good
economy, which
bring out the
distinctions
between the
different
types of money
and financial
institutions.
The models
emphasize the
physical
properties of
the economic
goods, moneys,
and trading
systems. In
Part 1 of the
paper, we
covered models
in which the
money is a
consumable
storable; here
in Part 2 we
consider
economies
using durable
money, fiat
money, or
credit. Under
this framework
we are able to
successfully
contrast the
role of
private money
lenders,
banks,
bilateral
credit
systems, and
credit
clearinghouses
. We are also
able to model
the importance
of the
bankruptcy or
default
penalty in
supporting the
use of fiat.
Source: Social Science Research Network Working Paper Series (April 2004) - A
Search-Theoret
ic Approach to
Monetary
Economics: The American
Economic
Review, Vol.
83, No. 1.
(1993), pp.
63-77.The
essential
function of
money is its
role as a
medium of
exchange. We
formalize this
idea using a
search-theoret
ic equilibrium
model of the
exchange
process that
captures the
"double
coincidence of
wants problem"
with pure
barter. One
advantage of
the framework
described here
is that it is
very
tractable. We
also show that
the model can
be used to
address some
substantive
issues in
monetary
economics,
including the
potential
welfare-enhanc
ing role of
money, the
interaction
between
specialization
and monetary
exchange, and
the
possibility of
equilibria
with multiple
fiat
currencies.
Source: The American Economic Review, Vol. 83, No. 1. (1993), pp. 63-77. - Money and
Interest in a
Cash-in-Advanc
e Economy: Econometrica,
Vol. 55, No.
3. (1987), pp.
491-513.In
this paper we
analyze an
aggregate
general
equilibrium
model in which
the use of
money is
motivated by a
cash-in-advanc
e constraint,
applied to
purchases of a
subset of
consumption
goods. The
system is
subject to
both real and
monetary
shocks, which
are
economy-wide
and observed
by all. We
develop
methods for
verifying the
existence of,
characterizing
, and
explicitly
calculating
equilibria.
Source: Econometrica, Vol. 55, No. 3. (1987), pp. 491-513.
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